Carige Administrators Have Three-Month Mandate, Sole Reports
- ECB’s Ignazio Angeloni speaks in interview with newspaper
- Administrators have all resources for recovery, Angeloni says
A Banca Carige SpA bank in Rome, on Jan. 2, 2019.
Photographer: Alessia Pierdomenico/BloombergThis article is for subscribers only.
Banca Carige SpA administrators “have all instruments necessary to face this delicate moment” and proceed with the bank’s recovery quickly, European Central Bank supervisory board member Ignazio Angeloni told Il Sole 24 Ore.
“The initial mandate given to the administrators is three months and that can be extended,” the newspaper quoted him as saying in an interview published Saturday.