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Italy's Intesa pledges to reward investors

Italy's biggest bank Intesa Sanpaolo has today lifted its 2023 profit goal after higher interest rates drove quarterly income above expectations, and pledged to increase rewards for shareholders barring a deep recession.

Business • 06 Nov 23

Italy's Intesa Sanpaolo serves corporate clients in Russia, where it had around 980 employees at the start of the Ukraine conflict across 28 branches

Decree permitting Intesa to sell Russian assets signed

Russian President Vladimir Putin has signed a decree giving Italian bank Intesa Sanpaolo permission to sell or dispose of its assets in Russia, a document posted on a Russian government website showed today.

Business • 29 Sep 23

SocGen's $20 billion exposure to Russia is one of the largest among foreign lenders

SocGen fears confiscation of Russia assets

Societe Generale has today warned of the possibility that Russia could strip the bank of its local operations, in one of the starkest warnings yet from a Western company about the potential impact of the war in Ukraine.

Business • 03 Mar 22

Euronext said it had completed its takeover of the Borsa Italiana exchange

Euronext seals Borsa Italiana deal with capital hike

Stock market group Euronext has today announced a €1.8 billion share sale to existing investors as it completed its takeover of the Borsa Italiana exchange to bulk up its pan-European equities operations.

Business • 29 Apr 21

Intesa Sanpaolo is Italy's best-capitalised large bank

EU approves Italy's plan to break up struggling banks

Italy has begun winding up two failed regional banks in a deal that could cost the state up to €17 billion and will leave the lenders' good assets in the hands of the nation's biggest retail bank, Intesa Sanpaolo.

Business • 26 Jun 17