‘One of Italy’s biggest banks held crisis talks today after it was told to raise money as the country’s financial troubles deepen.
The European Central Bank has urged Banca Carige, which is based in the city of Genoa, to raise capital and shed bad loans.
But its restructuring has been delayed by a governance spat which led to the appointment of a new CEO last month.
Paolo Fiorentino took charge of the regional lender after a vote of no-confidence in his predecessor, Guido Bastianini.
Mr Bastianini reportedly fell out with Vittorio Malacalza, the bank’s top investor, before his dramatic departure.
Three board members have resigned since in disagreement.’
Read more: Italy on the brink: Now THIRD Italian bank demands cash injection as it sinks in bad loans

‘One of Italy’s biggest banks held crisis talks today after it was told to raise money as the country’s financial troubles deepen.
The European Central Bank has urged Banca Carige, which is based in the city of Genoa, to raise capital and shed bad loans.
But its restructuring has been delayed by a governance spat which led to the appointment of a new CEO last month.
Paolo Fiorentino took charge of the regional lender after a vote of no-confidence in his predecessor, Guido Bastianini.
Mr Bastianini reportedly fell out with Vittorio Malacalza, the bank’s top investor, before his dramatic departure.
Three board members have resigned since in disagreement.’
Read more: Italy on the brink: Now THIRD Italian bank demands cash injection as it sinks in bad loans