|Bid||2.870 x 445800|
|Ask||2.882 x 443200|
|Day's range||2.867 - 2.867|
|52-week range||1.946 - 3.016|
|PE ratio (TTM)||7.24|
|Forward Dividend & Yield||N/A (N/A)|
|1y target est||N/A|
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.
MOSCOW/BEIJING, Sept 8 (Reuters) - Chinese conglomerate CEFC (Shenzhen: 002018.SZ - news) will buy a 14.16 percent stake in Russian oil major Rosneft for $9.1 billion from a consortium of Glencore (Amsterdam: GX8.AS - news) 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.
Markets across Europe cheered as Italy's €17bn (£15bn) bail-out of two Italian banks was approved - but it raised questions over rules designed to end taxpayer-funded rescues. Shares (Berlin: DI6.BE - news) in the sector rose while Italian and other Eurozone bond yields fell - meaning lower borrowing costs for governments - as the package eased some of the fears over toxic loans choking the country's banking system. The rescue for customers and investors in the failing Veneto Banca and Banca Popolare di Vicenza produced a sigh of relief for other banks wary of having to shoulder the burden of their collapse.
The Italian government is stepping in to liquidate two troubled Venetian banks, Veneto Banca and Banco Popolare di Vicenza, at a total cost of up to 17 billion euros.
The Italian government has set aside as much as €17 billion to help with the winding down of two collapsed regional lenders, Popolare di Vicenza and Veneto Banca. Italy's government will pay €5.2 billion to Intesa, and give it guarantees of up to €12 billion so that it will take over the remains of Popolare di Vicenza and Veneto Banca, preventing a run on the banks.
Italian government will stage two Venetian banks', Banca Popolare di Vicenza and Veneto Banca, rescue with support from the country's biggest retail bank, Intesa Sanpaolo
The ECB will begin tapering its generous asset-buying program in the fall with interest rate hikes to follow as soon as 2018, says Intesa CEO.
MADRID/MILAN, March 7 (Reuters) - Spain's Santander and Italy's Intesa Sanpaolo said on Tuesday they had agreed to sell a joint 75 percent stake in mutual fund platform Allfunds Bank for around 1.37 billion euros ($1.45 billion) to funds GIC and Hellman & Friedman. The remaining 25 percent will be sold by Warburg Pincus and General Atlantic as part of an agreement reached with Santander in November.
European shares ticked lower on Monday, weighed down by losses among insurance stocks, while exchange operators slipped on expectations that the merger between London Stock Exchange and Deutsche Boerse ...
European shares rose in early trading on Monday, helped by some well-received earning updates and by a rally in Intesa Sanpaolo shares following the Italian bank's decision to drop plans to take over insurer ...
Italian bank Intesa Sanpaolo (Amsterdam: IO6.AS - news) is talking to 14 banks to syndicate a 5.2 billion euro loan it provided to fund the purchase of a 19.5 percent stake in Russian energy giant Rosneft by Glencore (Frankfurt: 8GC.F - news) and Qatar's sovereign wealth fund, the head of Intesa's operations in Russia told Reuters. "We aim to choose 2-3 banks to take up 2.5-3 billion euros," Antonio Fallico said on Thursday on the sidelines of a conference on Italy-Russia cooperation in Milan. Fallico, who is chairman of Banca Intesa Russia, said there was no rush in closing the syndication deal.
European shares ended a mixed week on a positive note on Friday, helped by well-received company earnings and buoyant economic data, while mining stocks were hit by weaker metal prices. The STOXX 600 closed ...
European shares rose on Friday, helped by well-received company updates and buoyant economic data, while mining stocks were hit by weaker metal prices. "I don't think the reflation trade could be long lasting," said Roberto Lottici, fund manager at Ifigest in Milan.
MOSCOW/LONDON/MILAN, Jan 24 (Reuters) - More than a month after Russia announced one of its biggest privatisations since the 1990s, selling a 19.5 percent stake in its giant oil company Rosneft, it still isn't possible to determine from public records the full identities of those who bought it. The stake was sold for 10.2 billion euros to a Singapore investment vehicle that Rosneft said was a 50/50 joint venture between Qatar and the Swiss oil trading firm Glencore (Frankfurt: 8GC.F - news) . Unveiling the deal at a televised meeting with Rosneft's boss Igor Sechin on Dec (Shanghai: 600875.SS - news) .
Italy's Intesa Sanpaolo (Amsterdam: IO6.AS - news) said it would provide a loan for up to 5.2 billion euros ($5.4 billion) to help commodities trader Glencore (Frankfurt: 8GC.F - news) and Qatar's sovereign wealth fund buy a 19.5 percent stake in Russian oil company Rosneft. The consortium, of which Qatar Investment Authority and Glencore each own 50 percent, is buying the stake from the Russian state for 10.2 billion euros. A spokesman for Intesa Sanpaolo said on Tuesday Italy's biggest retail bank was underwriting the loan in full.
MILAN, Dec (Shanghai: 600875.SS - news) 19 (Reuters) - Intesa Sanpaolo (Amsterdam: IO6.AS - news) is still deciding whether to help fund the acquisition of a 19.5 percent stake in Rosneft from the Russian state and said it was not aware of any investigation by the Italian or other European authorities into the transaction. Intesa, Italy's biggest retail bank, is advising Rosneft's state shareholder and majority owner Rosneftegaz on the sale, part of the Kremlin (IOB: 0Q8D.IL - news) 's privatisation drive.
The $235 million fine on Italian bank Intesa Sanpaolo comes on the heels of earlier penalties of several other large banks for money laundering violations
Italian bank Intesa Sanpaolo is expected to provide the bulk of non-recourse funds to commodities trader Glencore to help it finance the purchase of a stake in the Kremlin oil major Rosneft, two sources ...