BlackRock has pulled out of a proposed rescue of Italian bank Carige, a spokeperson for the U.S. asset manager said on May 9, confirming a report by Italian daily La Repubblica.
A fund run by BlackRock had been spearheading a rescue plan for ailing Carige that hinged on a fresh 720 million euro cash call. Carige, which has been under the direct control of the European Central Bank since February, said on May 9 it was looking at other solutions to meet its capital shortfall. It added it could seek government financial aid.
The Italian state has pledged to inject up to 1 billion euros to prop up Carige if no private buyer can be found.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BlackRock pulls out of rescue plan for Italian bank Carige: sourcesU.S. private equity fund BlackRock has decided to pull out of a proposed rescue ...
Source: Reuters - 🏆 2. / 97 Read more »
Italian banks back BlackRock's 720 million euro rescue plan for CarigeItalian banks have backed a 720 million euro rescue plan ($806 million) that wil...
Source: Reuters - 🏆 2. / 97 Read more »
BlackRock pulls out of rescue bid for Italian bank CarigeU.S. asset manager BlackRock has pulled out of a proposed rescue of Italian bank...
Source: Reuters - 🏆 2. / 97 Read more »
Dow stages powerful U-turn as stock market reevaluates Trump's tariff threatsThe Dow Jones Industrial Average Monday afternoon was mounting a powerful rebound from steep early losses on reports that a delegation from China will indeed... I expected to wake up to a Black Friday type sale - instead it was just, meh. Lighthizer’s comments this afternoon: Panic! Sell sell buy!
Source: MarketWatch - 🏆 3. / 97 Read more »
’Leave my family out of it’: Nurse turned legislator gets death threat over controversial vaccine billBeing the face of a political effort to try to encourage people to get vaccinated has made Rep. Kyle Mullica the target of threats. Mullica received an email that likened him to a Nazi doctor and said that he deserved to die. Vaccinate ALL illegals before releasing them into Texas. You mean we should trust the government which told us the air right after 9/11 wasn't dangerous?
Source: washingtonpost - 🏆 95. / 72 Read more »
Sudanese take aim at Islamist 'deep state' left by al-BashirSudanese protesters who succeeded in driving President Omar al-Bashir from power last month say their revolution won't be complete until they have dismantled what many describe as an Islamist-dominated 'deep state' that underpinned his 30-year rule. poor need help Or by prosecuting him for genocide and crimes against humanity. Fun Fact: A cockroach can live for a week with no head. Sometimes getting rid of an invasive pest is ... difficult.
Source: AP - 🏆 728. / 51 Read more »
Dow stages powerful U-turn, slashes 400 points of losses as markets shake of Trump tariff threatThe Dow Jones Industrial Average was mounting a powerful rebound from steep early losses on reports that a delegation from China will indeed proceed with...
Source: MarketWatch - 🏆 3. / 97 Read more »
BlackRock's investment committee rejects planned takeover of Carige: reportAn investment committee at U.S. fund BlackRock's has rejected a planned acq... Carige was not slowed down by the economic crisis, rather by quasi-fraudulent behavior of its managers
Source: Reuters - 🏆 2. / 97 Read more »
Willa, Brienne and everyone else who hooked up in 'Game of Thrones' Season 8 Episode 4'Game of Thrones' Season 8 Episode 4 reveals Brienne of Tarth is a virgin. Not for long.
Source: Newsweek - 🏆 468. / 52 Read more »
This App Helps You Hook Up with Random (Business) PartnersA video-only networking app marries LinkedIn’s scope for making professional connections with Tinder’s ease of rejecting unappealing ones. Here’s our critique. this is good Linkedin has lost its luster, lost its direction. Microsoft made a blunder in acquiring Linkedin. Like in a sexual way?
Source: WSJ - 🏆 98. / 63 Read more »