Intesa Sanpaolo SpA is replacing thousands of staff with younger hires to set the firm up for the use of artificial intelligence, demonstrating how much the technology is impacting workers across the financial industry. The Italian lender plans for 9,000 …
An aging population and struggling state finances could turn into an unlikely boon for Italy’s banks, which have turned to a growing market for insurance to brighten their prospects. Intesa SanPaolo has marketed the move loud and clear since June …
Zurich Insurance Group AG wants more freedom from its shareholders to raise money quickly. That’s odd. Switzerland’s largest insurer has no capital hole that needs filling. The move suggests newish CEO Mario Greco may be concerned about missing out on …
Italy’s biggest retail bank Intesa Sanpaolo abandoned plans to join forces with the country’s largest insurer Assicurazioni Generali on Friday, saying a tie-up would not create value for its shareholders. A merger of the two would have created an Italian …
Intesa Sanpaolo SpA is sounding out investors about a possible combination with Assicurazioni Generali SpA and weighing which of the insurer’s assets it might sell, according to people with knowledge of the matter. Intesa Chief Executive Officer Carlo Messina is …
Intesa Sanpaolo SpA is one of the few Italian banks that could accurately claim to be strong, profitable and shareholder-friendly. Generali’s Market Value: €23 billion It’s curious, therefore, that CEO Carlo Messina seems intent on jeopardizing that record with a …
Intesa Sanpaolo SpA said it’s weighing a potential takeover of Assicurazioni Generali SpA and described a possible bid as a “case study” that is only one of many options the Italian bank is considering. The Turin-based bank responded in a …
Allianz SE Chief Executive Officer Oliver Baete has 3 billion euros ($3.2 billion) to spend on acquisitions and is scouting for targets from Australia to Italy. Rushing into a deal would be a mistake, according to some investors and analysts. …
An expected bid by Intesa Sanpaolo, Italy’s biggest retail bank, for the country’s largest insurance company is a bold gamble that has stunned the cozy world of Italian finance and carries risks for both predator and prey. The extent of …
Intesa Sanpaolo SpA’s interest in combining with insurer Assicurazioni Generali SpA has no obvious logic to it. If the lender has a cunning plan to make it work, it needs to reveal it. For now, Intesa says simply that it’s …
