Administrators called in for troubled Italian bank

MILAN (AP) — The European Central Bank has appointed temporary administrators for Italian bank Carige in a bid to save the troubled lender.
Wednesday’s move followed the resignation of the board majority after a failed capital-raising exercise. Italy’s market regulator has suspended trading in the bank’s shares.
The bank based in Genoa failed to win shareholder support to raise 400 million euros ($457 million) in capital last month as part of a plan to prevent another ban