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Intesa Sanpaolo S.p.A. is an Italian international banking group. It is Italy's largest bank by total assets and the world's 27th largest. [7] It was formed through the merger of Banca Intesa and Sanpaolo IMI in 2007, but has a corporate identity stretching back to its first foundation as Istituto Bancario San Paolo di Torino in 1583.
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Sanpaolo IMI S.p.A. was an Italian banking and insurance conglomerate, based in Turin.It employed about 44,000 people and had about 7 million customers. On 24 August 2006, a merger with Banca Intesa was announced, which on 1 December 2006 was approved by the joint meetings of the shareholders of Banca Intesa and Sanpaolo IMI.
The bank was founded by Compagnia di San Paolo (a brotherhood) in 1563. [1] In early years the bank was a mount of piety. By the late 19th-century, it was state-controlled. [2]: 89 In 1991 Crediop became a subsidiary of the bank, [3] which was sold to Dexia in 1999 by Sanpaolo IMI, the successor of the bank.
Intesa Sanpaolo: 975.68: domestic systemically important bank; [2] supervised by European Central Bank [3] 2: UniCredit: 857.77: global systemically important bank (Bucket 1) identified by Financial Stability Board; [4] supervised by European Central Bank [3] * Bank of Italy: central bank 3: Cassa Depositi e Prestiti: 400.69
Italy's biggest bank Intesa Sanpaolo said on Monday it had reopened the deadline for thousands of its customers to opt out of switching to its digital lender Isybank, following protests from ...
Palazzo Scarpa [] in Verona, the general office of Banco BPM. As of 1 January 2017, the date of formation, Banco BPM is the third largest retail and commercial banking conglomerate by pro forma total assets in Italy, behind UniCredit and Intesa Sanpaolo, and surpassing the former third largest bank Banca Monte dei Paschi di Siena (€164.385 billion at mid-2016).
On 17 February 2020, Carlo Messina, CEO of Intesa Sanpaolo, unexpectedly announced the launch of a voluntary public exchange offer for 4.9 billion euro towards UBI Banca. The initial proposal provided that for every ten shares of UBI Banca, seventeen newly issued Intesa Sanpaolo shares will be paid with a premium of 27.6% compared to the ...