Company Overview of Intesa Sanpaolo S.p.A.
Intesa Sanpaolo S.p.A. provides various banking products and services in Italy and internationally. It operates through Banca dei Territori, Corporate and Investment Banking, International Subsidiary Banks, Private Banking, Asset Management, Insurance, and Capital Light Bank units. The company offers industrial credit, leasing, and factoring services; deposit products; capital markets and investment banking services, as well as structured finance; asset management solutions; and insurance and pension products. It also provides bancassurance, electronic payments, fiduciary, consumer credit, and private banking services. The company serves retail and personal customers, non-profit entities, sm...
Piazza San Carlo, 156
Turin, TO 10121
Key Executives for Intesa Sanpaolo S.p.A.
Chief Executive Officer, Managing Director, Director and Chairman of Group Risk Governance Committee
Total Annual Compensation: €2.2M
Chief Financial Officer and Co-Chairman of Group Financial Risks Committee
Total Annual Compensation: €1.1M
Compensation as of Fiscal Year 2015.
Intesa Sanpaolo S.p.A. Key Developments
Investors Reportedly Seeks To Acquire Intesa's Bad Loan Portfolio
Dec 28 16
Intesa Sanpaolo S.p.A. (BIT:ISP) has included Apollo Global Management, LLC (NYSE:APO), Cerberus Capital Management, L.P. and Christofferson, Robb & Company, LLC in a short list of bidders for a €2.5 billion bad loan portfolio it aims to sell, two sources close to the matter said. The sale dubbed "Beyond the Clouds" - is expected to be concluded in the first quarter of next year, added the sources. The parties involved could not be immediately reached for comment.
Davis Polk Advises Intesa Sanpaolo S.p.A. in Connection with DFS Consent Order
Dec 17 16
Davis Polk announced that Intesa Sanpaolo S.p.A. in connection with a consent order issued on December 15, 2016 by the New York State Department of Financial Services. DFS Superintendent Maria T. Vullo announced that Intesa and its New York branch will pay a $235 million civil monetary penalty arising from certain weaknesses in the banks current AML controls identified in an investigation conducted by an independent consultant, as well as identified AML deficiencies from the 2005-2006 period and non-transparent payment activity undertaken in the 2002-2006 period. In addition, the bank is required to conduct a transaction review for the sole purposes of remediating any identified current AML deficiencies and the independent consultants engagement has been extended for up to two years, in order to audit the banks transaction review results and to oversee the banks remediation efforts.
Intesa Still Takes Part In Rosneft Privatization
Nov 18 16
Intesa Sanpaolo S.p.A. acted as an investment advisor in the privatization of Public Joint Stock Company Rosneft Oil Company (LSE:ROSN), Gian Maria Gros-Pietro, Chairman of the Board of Directors of Intesa Sanpaolo S.p.A. (BIT:ISP) told Tass. "Our bank is still involved in [privatization] process and remains fully interested," the Gian Maria Gros-Pietro said.
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