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Intesa Sanpaolo SpA engages in the provision of financial products and banking services. It operates through the following segments: Banca dei Territori, Corporate & Investment Banking, International Subsidiary Banks, Private Banking, Asset Management, Insurance and Capital Light Bank. Read More The Banca dei Territori segment oversees the traditional lending and deposit collection activities in Italy and the related financial services. The Corporate & Investment Banking segment deals with corporate banking, investment banking, and public finance in Italy and abroad. The International Subsidiary Banks segment operates on international markets through subsidiary and associated banks. The Private Banking segment specializes in the asset management of private and high net worth individuals. The Asset Management segment develops solutions for customers through the subsidiary Eurizon Capital. The Insurance segment provides a range of insurance products through its subsidiaries, Intesa Sanpaolo Vita, Fideuram Vita, Intesa Sanpaolo Previdenza, and Intesa Sanpaolo Assicura. The Capital Light Bank segment engages in non-core activities which include workout of non-performing loans and repossessed assets, the sale of non-strategic equity stakes, and proactive management of other non-core assets The company was founded in January 2007 and is headquartered in Turin, Italy. ISNPY is listed on the Pink Current market tier. OTC market data is provided by OTC Markets Group, Inc (otcmarkets.com).
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UPDATE 2-UniCredit chairman does not rule out industry rescue of Carige
(Adds sources on regulator’s meeting, details) ROME/MILAN, May 15 (Reuters) - Italy’s banks could come to the rescue of Carige to safeguard financial stability after U.S. asset manager BlackRock dropped a planned bid for the struggling regional lender, the chairman of UniCredit said on Wednesday. The rescue of Carige is in disarray after BlackRock last week pulled out of a plan to provide the bulk of a proposed 720 million euro ($807.2 million) capital injection for the Genoa-based bank. Unless a deposit...