Gareth Gore is an associate editor at IFR, where he writes about global capital markets across asset classes. He has published pieces ranging from the fallout from Russian sanctions, to Greek bank’s attempts at rehabilitation, and the resurgence of US shale producers. Before that, he ran the People & Markets coverage at IFR for five years. Previously, he was a correspondent at Bloomberg News in Madrid, where he wrote about the country's boom and bust.
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With Banca Carige becoming the fourth Italian bank to be bailed out using public funds in the past three years, European Union rules that were meant to prevent taxpayers footing the bill for failing banks have once again been thrust into the spotlight.
Banca Carige is to be bailed out by its peers after a last-minute deal to inject almost €700m into the lender was struck with just hours to spare before a European Central Bank deadline was due to expire.
Two years ago, Deutsche Bank decided to come clean about €60bn of legacy trades that were bleeding money for the bank. The positions, wh