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Showing results for INTESA SAN PAOLO, formerly known as Banca Intesa
...Since the ECB issued new guidelines to remove key obstacles from dealmaking, Italy’s largest retail lender Intesa Sanpaolo has won backing for a €4.2bn hostile takeover of smaller rival UBI Banca....
...Intesa San Paolo fell by 1.8 per cent while the Banca Popolare di Milano fell by more than 1 per cent....
...The move by Mr Passera, 63, formerly boss for a decade of Intesa Sanpaolo, comes as Italian banks struggle with competing pressures....
...Other big banks, such as UniCredit, Mediobanca and Intesa San Paolo, are in much better shape....
...The company needed to repay a three-year €8m loan to Intesa San Paolo, the Italian lender, by January 2013, but was still struggling when the loan expired, prompting it to seek new funds....
...Corrado Passera, chief executive of Intesa San Paolo, and Antonio Vigni, his opposite number at Banca Monte dei Paschi di Siena, told the Financial Times in separate interviews that they would resume the...
...That turned out to be the big merger with Turin’s San Paolo that has now created Italy’s largest retail bank. So is it not time for Mr Passera to move on again?...
...The board meeting was chaired by Andrea Beltratti, a university professor from Turin who was elected a week ago, backed by Compagnia San Paolo, a banking foundation and the largest single shareholder with...
...As a result, the city has increasingly looked on the San Paolo foundation and its big stake in the country’s largest banking group as the defender of its corporate interests....
...Now most casse di risparmio are owned by Italy’s two biggest banks, UniCredit and the Banca Intesa Sanpaolo (owner of Carisbo). Most foundations operate by making donations to third parties....
...Shares of Italian banks jumped on Tuesday, with Intesa San Paolo up 12 per cent and Monte Paschi di Siena and UniCredit up more than 7.5 per cent....
...IFIL, the family’s holding company, also owns a 15 per cent stake in SGS, the Swiss certification and inspection company, a stake in Intesa-San Paolo, one of Italy’s largest banks, and a 70 per cent stake...
...Capitalia was acquired by UniCredit while Banca Intesa and San Paolo IMI merged. There have also been a number of mergers and discussions in Italy’s mutual banking sector....
...But any thoughts that its position might one day enable it to buy the Turin bank vanished when SanPaolo last year announced a merger with Banca Intesa....
...Shares in Intesa closed up 7 per cent at €5.01, while shares in San Paolo rose 6 per cent to €15.57....
...di Veron e Novara, and Banca Intesa and San Paolo IMI....
...Mediobanca hit a record high, up 4.7 per cent on the week to €17.70 and San Paolo IMI added 4.8 per cent to €14.79....
...BBVA, too, found itself trumped by Unipol, a little-known insurance company with strong political connections in Rome....
...San Paolo rose 0.6 per cent to €12.94....
...San Paolo-Imi climbed 2.1 per cent to €11.39, while Deutsche Bank, which was also rumoured to be among those with an eye on Commerzbank, gained 2 per cent to €63.75....
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