Despite the significant easing of tensions on the financial markets in recent weeks, the Italian economy is still on course for a 2.4% market contraction in GDP in 2012, according to Paolo Mameli, economist at Italy's bank Intesa Sanpaolo.
Investors' demand for corporate bonds is as healthy as ever, and the ECB's outright monetary transactions (OMT) scheme, under which the bank will buy unlimited distressed government bonds, has fuelled the appetite for corporate debt issuances in peripheral...
Italy's Intesa Sanpaolo is planning to make around 1000 redundancies and to cut a fifth of its Italian branches to reduce costs, according to trade unions.
The head of the Luxembourg unit of Italian bank Intesa Sanpaolo, Marco Bus, is under investigation for alleged money laundering activities.
The European Investment Bank (EIB) and Italy’s Intesa Sanpaolo Group have signed six new agreements to provide medium and long-term financing of €670m to Italian businesses.