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Intesa Sanpaolo SpA (ISP.MI)

ISP.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Intesa Sanpaolo Buys Back EUR 1.70 Bln Of State-Guaranteed Bonds Of Two Former Veneto Banks
Monday, 15 Jan 2018 

Jan 15 (Reuters) - INTESA SANPAOLO SPA ::REPORTS RESULTS OF TENDER TO BUY STATE-GUARANTEED SENIOR BONDS OF TWO FORMER VENETO BANKS.BONDS FOR AGGREGATED NOMINAL AMOUNT OF EUR 1.70 BILLION WERE TENDERED.  Full Article

Intesa Sanpaolo asks senior bondholders of former Veneto banks to submit offers
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - Intesa Sanpaolo says::INVITES STATE-GUARANTEED SENIOR BOND HOLDERS OF TWO FORMER VENETO BANKS TO SUBMIT OFFERS TO SELL THEIR NOTES TO INTESA SANPAOLO.WILL PAY SENIOR BONDHOLDERS 101.2 PERCENT.EXPIRATION DEADLINE TO BE ABLE TO PARTICIAPTE IN THE OFFERS IS JAN. 12.  Full Article

Intesa Sanpaolo "comfortably" meets ECB capital requirements
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Intesa Sanpaolo says::ECB HAS FIXED MINIMUM 2018 TRANSITIONAL CET 1 TARGET AT 8.145 PERCENT.COMFORTABLY MEETS MINIMUM CAPITAL REQUIREMENTS SET BY ECB.HAS SET FULLY-LOADED 2018 CET 1 RATIO MINIMUM TARGET AT 9.33 PERCENT.  Full Article

Intesa Sanpaolo To Launch LME For Senior Notes Of Former Veneto Banks
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - INTESA SANPAOLO SPA ::INTENDS TO LAUNCH LIABILITY MANAGEMENT EXERCISE (LME) FOR SENIOR NOTES ISSUED BY FORMER VENETIAN BANKS.TOTAL INITIAL PRINCIPAL AMOUNT OF THE NOTES IS EUR 4.75 BILLION.CURRENTLY OWNS 2.15 BILLION EUROS OF THE OUTSTADING AMOUNT OF THE NOTES.  Full Article

Intesa Sanpaolo Signs Agreement With Trade Unions
Thursday, 21 Dec 2017 

Dec 20 (Reuters) - Intesa Sanpaolo Spa ::INTESA SANPAOLO SIGNS AGREEMENT WITH TRADE UNIONS.SAYS FOLLOWING AGREEMENT SIGNED OVERALL SAVINGS IN PERSONNEL EXPENSES OF AROUND EUR 675 MILLION PER YEAR ARE EXPECTED.‍GROUP IS PREPARED TO ACCEPT ALL APPLICATIONS IT HAS RECEIVED WITH REGARD TO VOLUNTARY EXITS​.‍GROUP IS PREPARED TO HIRE 1,000 NEW PERSONNEL WITH INDEFINITE-TERM CONTRACTS, WITH A FOCUS ON BRANCH NETWORK​.SAYS TOTAL VOLUNTARY EXITS WILL INVOLVE AROUND 9,000 PEOPLE.‍NEW HIRES ARE IN ADDITION TO 150 HIRES ALREADY AGREED ON WITH TRADE UNIONS ON 1 FEBRUARY 2017.  Full Article

Banca IFIS buys two bad loan portfolios for 336 mln euros
Monday, 11 Dec 2017 

Dec 11 (Reuters) - Banca IFIS::CLOSES TWO MORE NPL DEALS FOR A TOTAL OF 336 MILLION EUROS.CONFIRMS FORECAST OF 5 BILLION EURO TOTAL PURCHASES THIS YEAR.SEES TOTAL OF 13.2 BILLION EUROS IN NPL RECEIVABLES IN PORTFOLIO AT END-2017, CONFIRMING POSITION AS MARKET LEADER IN UNSECURED, RETAIL SEGMENT.ONE OF THE TWO DEALS WAS WITH INTESA SANPAOLO ON UNSECURED RECEIVABLES FROM LEASING CONTRACTS WITHOUT GUARANTEE FOR NOMINAL 85 MILLION EUROS.SECOND PORTFOLIO IS FROM ITALIAN COMPANY ACTIVE IN NPL MARKET HAS NOMINAL VALUE OF 251 MILLION EUROS.  Full Article

BRIEF-Intesa to consider any new redundancy requests after Veneto banks deal
Thursday, 30 Nov 2017 

Corrects alert and story to show that redundancies not all from Veneto banks but also from within Intesa Sanpaolo:ANY ADDITIONAL REQUESTS FOR VOLUNTARY REDUNDANCIES ON TOP OF THE 4000 ALREADY AGREED AFTER VENETO BANKS DEAL MAY BE ACCEPTED..  Full Article

Italy's Intesa to consider any new redundancy requests from Veneto banks
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Italy's Intesa Sanpaolo Chairman Gian Maria Gros-Pietro says::ANY ADDITIONAL REQUESTS FOR VOLUNTARY REDUNDANCIES FROM VENETO BANKS ON TOP OF THE 4000 ALREADY AGREED MAY BE ACCEPTED.  Full Article

IDeAMI To Be Listed On AIM Italia By Mid-Dec
Monday, 27 Nov 2017 

Nov 27 (Reuters) - DEA CAPITAL SPA : :PROMOTES WITH INTESA SANPAOLO <<>> UNIT BANCA IMI SPECIAL PURPOSE ACQUISITION COMPANY IDEAMI.IDEAMI TO BE LISTED ON AIM ITALIA BY MID-DEC.IDEAMI AIMS TO RAISE EUR 200 MLN, AMOUNT WHICH CAN BE INCREASED TO EUR 250 MLN.IDEAMI TARGETS ITALIAN NON-LISTED MID CAP COMPANY.  Full Article

S&P says positive actions taken on Italian banks on reduced economic risks, sovereign upgrade
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - S&P-:POSITIVE ACTIONS TAKEN ON ITALIAN BANKS ON REDUCED ECONOMIC RISKS AND SOVEREIGN UPGRADE.RAISING LONG- AND SHORT-TERM RATINGS ON 11 ITALIAN FINANCIAL INSTITUTIONS AND A FOREIGN FINANCIAL INSTITUTION BRANCH IN ITALY.BETTER ECONOMIC PROSPECTS MAY SUSTAIN PRIVATE SECTOR CREDITWORTHINESS, TO HELP ITALIAN DOMESTIC BANKS TO REDUCE STOCK OF NONPERFORMING EXPOSURES.RAISED THE LONG-TERM AND SHORT-TERM ISSUER CREDIT RATINGS ON INTESA SANPAOLO, UNICREDIT, FCA BANK.  Full Article

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ECB's Nouy 'inflexible' in meeting with Italian banks - sources

MILAN The European Central Bank's Chief Supervisor Daniele Nouy was "inflexible" at a meeting with Italian lenders on Wednesday where topics such as bad loans were discussed, two sources with knowledge of the matter said.