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IntesaSanpaolo


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Italy's AMCO to buy 1.4 bln euros of non-performing leasing credits from Intesa

MILAN, July 1 (Reuters) - Italy's state-owned bad loan specialist AMCO said on Friday it had signed an agreement with lender Intesa Sanpaolo ISP.MI to purchase a portfolio of non-performing leasing credits with a gross value of around 1.4 billion euros ($1.46 billion). The deal will be finalised by the end of this year. AMCO added it had signed ano
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European stocks hit two-week high as commodities rebound

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) June 27 (Reuters) - European shares on Monday jumped to their highest level in two weeks, underpinned by miners and oil stocks, as an easing of COVID-19 restrictions in China boosted commodity prices. The continent-wide STOXX 600 index .STOX
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Bridgewater's bearish bets on European stocks jump to $10.5 bln - Bloomberg News

June 23 (Reuters) - Bridgewater Associates has raised its short position on European stocks to $10.5 billion, nearly doubling from the previous week, according to a Bloomberg News report on Thursday, in a sign the hedge fund was increasingly bearish on equities in the continent. Bridgewater disclosed short bets against 28 companies that include ind
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Bridgewater bets $6.7 billion against European stocks

By Carolina Mandl NEW YORK, June 16 (Reuters) - Bridgewater Associates has placed at least $6.7 billion in bets against European stocks, according to data group Breakout Point, in a sign that the hedge fund firm may be pessimistic about companies on the continent. Using Bridgewater's public disclosures, Breakout Point calculated that the Connecticu
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Bridgewater bets $6.7 billion against European stocks

By Carolina Mandl NEW YORK, June 16 (Reuters) - Bridgewater Associates has placed at least $6.7 billion in bets against European stocks, according to data group Breakout Point, in a sign that the hedge fund firm may be pessimistic about companies on the continent. Using Bridgewater's public disclosures, Breakout Point calculated that the Connecticu
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Italy's Intesa working on potential sale of Russian business - CEO

MILAN, June 15 (Reuters) - Intesa Sanpaolo ISP.MI is working on a potential sale of its Russian business though international sanctions restrict the number of possible buyers making it a tall order, the head of Italy's biggest bank said on Wednesday. "We're trying to work to select counterparties, but you know that the majority of them are under sa
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Italian bank shares sink further on government debt jitters

* Italy risk premium vs Germany at fresh 2-yr high of 244 bps * Banking index down 3.6% after 8.5% drop on Friday * Monte dei Paschi faces more costly capital raising * Banks have cut BTP holdings, remain exposed to loan losses By Valentina Za MILAN, June 13 (Reuters) - Shares in Italian banks plunged further on Monday as investors fretted about Ro
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Italy's BPER to pay out $1 bln to investors under new plan

(Corrects date) By Andrea Mandala and Valentina Za MILAN, June 10 (Reuters) - Italy's fourth-largest bank BPER Banca EMII.MI said it will close 30% of its branches and more than double profits to return at least 1 billion euros ($1 billion) to investors by 2025. BPER, whose main shareholder is Italy's No.2 insurer UnipolSAI US.MI , set out its busi
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Italy's GDP could shrink in 2022-2023 if Russia gas flows stop - BOI

MILAN, May 31 (Reuters) - A stop to Russian gas flows could lead to a contraction in Italy's gross domestic product (GDP) on average in 2022-2023, central bank Governor Ignazio Visco warned on Tuesday. In the text of a speech prepared for the Bank of Italy annual general meeting, Visco highlighted how the Italian and German economies were the worst
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Italy's GDP could shrink in 2022-2023 if Russia gas flows stop - BOI

MILAN, May 31 (Reuters) - A stop to Russian gas flows could lead to a contraction in Italy's gross domestic product (GDP) on average in 2022-2023, central bank Governor Ignazio Visco warned on Tuesday. "In April, we calculated that the protraction of the conflict in Ukraine could mean about 2 percentage points less growth overall, for this year and
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Russia curbs bank movements for Italian clients of Intesa, UniCredit units

MILAN, May 27 (Reuters) - Russia has placed temporary restrictions on the current accounts of Italian individuals and companies that bank with the local units of Intesa Sanpaolo ISP.MI and UniCredit CRDI.MI , two people familiar with the matter said. Confirming press reports, the people said the Bank of Russia had told the local arms of Italy's top
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Profit at Italy's BPER falls less than expected as loan writedowns shrink

MILAN, May 9 (Reuters) - Italy's fifth-largest lender BPER Banca EMII.MI on Monday reported a smaller-than-expected drop in first quarter profit helped by higher revenues and lower loan writedowns. BPER has minimal exposure to Russia, unlike larger peers UniCredit CRDI.MI and Intesa Sanpaolo ISP.MI which had to book large provisions against loan lo
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Italy's Intesa cuts 2022 profit goal after Russia hit

* Books 800 mln euro in provisions on Russia * Lowers full-year profit goal by 1 bln euros * Awaiting ECB approval of 3.4 bln euro share buyback * Trading gains drive Q1 profit above consensus By Valentina Za MILAN, May 6 (Reuters) - Italy's biggest bank Intesa Sanpaolo ISP.MI on Friday cut its profit guidance for the year after setting aside 800 m
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Credit Agricole tells Rome no plans to win control of Banco sources

* Credit Agricole became leading investor in country's No.3 bank * Move has stoked speculation of full takeover * Rome would look with concern at such an option, source says By Giuseppe Fonte and Valentina Za ROME, April 13 (Reuters) - Credit Agricole CAGR.PA has told Italy's Treasury it has no plans to take control of Banco BPM BAMI.MI , two sourc
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Italy expects to sell Monte dei Paschi after restructuring

(Updates with quotes, detail, background) By Giuseppe Fonte and Valentina Za ROME, March 28 (Reuters) - Rome expects to return Monte dei Paschi di Siena BMPS.MI into private hands only after the bailed-out lender completes restructuring steps it is currently discussing with European Union authorities, Italy's economy minister said on Monday. Under
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Italy sells 5 bln euros of new floating rate bond, orders over 10.7 bln - lead

MILAN, March 23 (Reuters) - Italy raised 5 billion euros ($5.49 billion) from a new eight-year-long floating-rate bond launched on Wednesday, with final orders over 10.7 billion euros, a lead manager told Reuters. In a busy week for euro zone debt issuance, Rome profited of relatively calmer markets after Russia's invasion of Ukraine started one mo
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Intesa to detail Ukraine impact on 2022 profit with Q1 earnings-source

MILAN, March 17 (Reuters) - Italy's biggest bank Intesa Sanpaolo ISP.MI will detail the impact of the Ukraine conflict on its 2022 earnings when it reports first-quarter results in May, its CEO told a financial conference according to a person who attended the event. Addressing the Morgan Stanley European Financials conference on Thursday, CEO Carl
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Italy's Intesa puts $6.3 bln Russia, Ukraine loans under microscope

* Has 1.9 bln euros in loans to Russian oil and gas firms * Working to lower risks in light of new EU energy plan * Total loans 5.1 bln euros, off-balance sheet 0.6 bln * Only 200 mln euros in loans to sanctions-hit entities By Valentina Za MILAN, March 16 (Reuters) - Intesa Sanpaolo said on Wednesday that its loans to Russian and Ukrainian clients
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Italy's Intesa says loans to Russian clients total 5.1 bln euros

MILAN, March 16 (Reuters) - Italy's biggest bank Intesa Sanpaolo ISP.MI on Wednesday said loans to Russian customers totalled 5.1 billion euros ($5.6 billion), or 1% of the group's total, net of guarantees from credit export agencies. Nearly 80% of the overall figure are cross-border loans. Intesa's local subsidiaries in Russia and Ukraine account
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Euro zone bank stocks hammered by stagflation fears

By Joice Alves LONDON, March 7 (Reuters) - Euro zone bank stocks fell to a 13-month low on Monday on concerns a possible U.S. and European ban on Russian oil imports could slow economic growth and lift inflation even higher. The euro zone bank index .SX7E tumbled as much as 9.5% in early London trading. It was down 5.2% at 1020 GMT. Shares in UniCr
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