Banca Carige controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2018
Berneschi fraud case
Former chairman Giovanni Berneschi was sentenced by an Italian court to eight years in prison in a fraud case connected with the bank. Italy’s Supreme Court of Cassation later ruled that the case should be heard in Milan, resulting in a retrial process.
2013
Accounting and derivatives controversy
The Bank of Italy criticized Carige’s accounting practices and identified difficulties associated with derivatives purchased from Deutsche Bank. The regulator required a new business plan, contributing to the bank’s subsequent restructuring and capital pressures.