EU Court: «The ECB should not compensate the Malacalza household in Carige» | EUROtoday

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The European Central Bank doesn’t owe an 880 million euro compensation to the previous main shareholders of Banca Carige, the Malacalza household. The European Court of Justice determined this by ruling on the authorized motion introduced by Malacalza Investimenti and Vittorio Malacalza. The enchantment centered on the actions or omissions of the ECB supervision of Carige ranging from 2014 and on the extraordinary administration of the financial institution (now in Bper) at first of 2019. After a cumulative funding of properly over half a billion, the Malacalzas had 27.5% of the financial institution on the finish of 2018.