|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||6.84|
|Forward Dividend & Yield||1.20 (5.82%)|
|1y Target Est||N/A|
MILAN (AP) — Italian bank Intesa SanPaolo SpA says its third-quarter profits rose 16 percent on higher net fees and commissions.
Two major creditors of Banca Carige (CRGI.MI) have taken up a debt exchange offer which is a key plank of the troubled Italian bank's capital raising efforts, sources close to the matter said. After Rome rescued larger rival Monte dei Paschi di Siena (BMPS.MI) and liquidated two failing regional banks this year, Carige has come into focus as the last large Italian bank still in difficulty following a deep recession. The European Central Bank has given Italy's ninth-largest bank until the end of December to strengthen its capital.
Categories: Yahoo FinanceGet free summary analysis Intesa Sanpaolo SpA reports financial results for the quarter ended June 30, 2017. We analyze the earnings along side the following peers of Intesa Sanpaolo SpA – Banco Santander S.A. Sponsored ADR and Mediobanca S.p.A. Unsponsored ADR (SAN-US and MDIBY-US) that have also reported for this period. Highlights Summary numbers: Revenues ... Read more (Read more...)
MOSCOW/BEIJING, Sept 8 (Reuters) - Chinese conglomerate CEFC will buy a 14.16 percent stake in Russian oil major Rosneft for $9.1 billion from a consortium of Glencore and the Qatar Investment Authority, strengthening the energy partnership between Moscow and Beijing. CEFC China Energy has grown in recent years from a niche oil trader into a sprawling energy conglomerate and the transaction will allow China, the world's second largest energy consumer, to boost cooperation with the world's top oil producer.
Italian bank Intesa Sanpaolo will recoup a 5.2 billion euros ($6.3 billion) loan as a result of Chinese conglomerate CEFC's acquisition of a 14.16 percent stake in Russian oil major Rosneft, the lender said on Friday. Intesa had extended the loan to help commodities trader Glencore (GLEN.L) and the Qatar Investment Authority buy a 19.5 percent stake in Rosneft. Glencore and QIA sold most of that stake to CEFC for $9.1 billion in a deal unveiled earlier on Friday.
LONDON/MILAN (Reuters) - Italian bank Intesa Sanpaolo has encountered problems syndicating a loan to Glencore and Qatar's wealth fund to finance their purchase of a stake in the Kremlin-controlled oil major Rosneft because of new U.S. sanctions against Russia. Four banking sources told Reuters that Western banks including from the United States and France have so far put on hold their participation in the syndication of the 5.2 billion euro ($6.13 billion) loan that Intesa provided last year. Intesa (ISP.MI) invited about 15 banks to join the loan when it opened the syndication in May. A loan of this size would normally take between four and six weeks to syndicate, though deals involving emerging markets can sometimes take a few weeks longer.
MILAN (AP) — Italian bank Intesa SanPaolo says its second-quarter profit dipped as it moved ahead with integrating two local banks it had helped rescue.
Rating Action: Moody's assigns a Ba2 Corporate Family Rating and Ba2 senior secured ratings to LHC3 plc as part of the proposed acquisition of Allfunds Bank; outlook stable. Global Credit Research- 24 ...
A decade has passed since the start of the financial crisis, but when it comes to handling struggling banks, the European Union still hasn’t moved on.
Italy's multi-billion-euro closure of two lenders drew sharp criticism on Monday for hurting a project devised to underpin confidence in the euro zone during the financial crash. As lawmakers digested details of the rescue, which involves the state rather than investors bearing most of the cost, many criticized Rome for breaking with the spirit of a framework known as banking union -- and the European Commission in Brussels for allowing it do so. Under a deal sealed over the weekend, Italy will pay more than 5 billion euros to Intesa Sanpaolo (ISP.MI), its top retail bank, to take the best assets of two failed Veneto banks, with up to 12 billion euros of guarantees to shield Intesa from losses.
No other Italian banks will need state aid after the government orchestrated a last-minute rescue of two failed Veneto lenders over the weekend, Finance Minister Pier Carlo Padoan said.
The rescue of two failing Italian lenders helped to lift European benchmarks higher Monday, with solid gains for lenders in Southern Europe in particular.
FRANKFURT, Germany (AP) — After expensive bailouts played a major role in their debt crisis, European authorities agreed on tough new rules to ensure that taxpayers didn't have to pour money into shaky banks.
Sep.26 -- Carlo Messina, chief executive officer at Intesa Sanpaolo SpA, discusses the state of the Italian banking industry. He speaks with Bloomberg's Francine Lacqua at the Bloomberg European Banking Conference on "Bloomberg Markets: European Open."