Intesa’s CEO has ruled out leading a rescue effort for Carige.

On Wednesday, Intesa Sanpaolo’s Chief Executive Carlo Messina stated, it will not invest any more into an industry fund that could come to the rescue of struggling regional lender Carige.

The comments come in the wake of Italy’s deposit protection fund coming under growing pressure to lead the rescue of Carige following U.S. asset manager BlackRock pulling out of a consortium that was to have invested more than 700 million euros in the bank.

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Tags: asset manager, bank, BlackRock, Carige, Carlo Messina, CEO, Chief Executive Officer, consortium, deposit protection fund, industry fund, Intesa Sanpaolo, Italian, Italy, regional lender, rescue, U.S