Italian lender to put insurance business on the chopping block
The director general of Italian lender Banca Carige has said it could sell its insurance businesses and property in a bid to plug an €800m euro hole in its capital base.
Ennio La Monica told analysts that Banca Carige planned to sell its two insurance units, which he said were worth between €400m and €600m, Reuters reported.
The bank's chairman, Giovanni Berneschi
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