Intesa Sanpaolo S.p.A. Stock News

Turin / Milan, 7 March 2022 – Intesa Sanpaolo will donate €10 million to support solidarity and hospitality measures for the Ukrainian people. The Bank’s donation will go to support the work of local and international organizations, which will be identified soon. Carlo Messina, CEO of Intesa Sanpaolo, explained the Group’s intervention: “Intesa Sanpaolo has […] The post Ukraine: Intesa Sanpaolo Donates €10 Million appeared first on Business Review .

Leading Italian insurer Generali said on Thursday it was pulling out of Russia after Moscow’s invasion of Ukraine, while Intesa Sanpaolo, Italy’s biggest bank, is reviewing its presence there. Generali said that it would be closing its Moscow office and …

MILAN (Reuters) – Leading Italian insurer Generali said on Thursday it was pulling out of Russia after Moscow’s invasion of Ukraine, while Intesa Sanpaolo, Italy’s biggest bank, is reviewing its presence there. Generali said that it would be closing its Moscow office and would wind down its Europ Assistance business in Russia, confirming an earlier … Read More

MILAN (Reuters) – Leading Italian insurer Generali is set to pull out of its operations in Russia following Moscow’s invasion of Ukraine, a source close to the situation said on Thursday.

Intesa Sanpaolo SpA (ISNPY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

A ramping up of financial sanctions against Russia following its invasion of Ukraine has plunged European lenders into turmoil.

"The Dirty Work Of Going Through Old Positions On Bank Balance Sheets Is Being Done Around The Clock As We Speak" By Larry McDonald, publisher of the Bear Traps Report When was the last time a geopolitical risk event walked through the door behind a tech crash? George Soros always said “when past excesses are being corrected - it is always a period of maximum risk.” Going into the Ukraine-Russia tragedy, the ferocious “buy the dip” psychology was already impaired – now the matador just put forth his final sword. The wounded bull has been laid to rest. In the early 2000s, we called it “the other side of the mountain” – use vicious countertrend - short covering rallies to raise cash. We have clearly moved from a BTFD mentality to sell the rallies mode. A bear has arrived for lunch and unfortunately, he''s staying for dinner. We have been up all night working the phones. It has been a Lehman weekend - as in a 24-hour scramble to find and calculate the risk - NOT the size of the risk. The dirty work of going through old positions on bank balance sheets is being done around the clock as we speak.

Pozsar Warns Of Another "Lehman Weekend" As Russia Sanctions May Trigger Central Bank Liquidity Flood In a remarkable show of force and unity, western powers cast aside all their previous concerns about Russian energy supplies and uniliaterally announced the nuclear option of imposing sanctions on the Russian central bank coupled with targeted exclusions from SWIFT of key Russian banks. *EU APPROVES BANNING ALL TRANSACTIONS WITH RUSSIAN CENTRAL BANK The move has sparked a bank run in Russia , as locals scramble to pull out whatever hard currency they can get their hands on before it runs out, and is certain to trigger chaotic moves in FX and commodities when markets reopen in a few hours. Already some Russian banks are offering to exchange rubles for dollars at a rate of 171 rubles per dollar on Sunday, compared to the official closing price of 83 on Friday before the European/US announcement about targeting the Russian central bank. In other words we are looking at a 50%+ devaluation of the Ruble.

SINGAPORE , Feb. 26, 2022 /PRNewswire/ -- On February 25 th , 2022, within the official visit of Vietnamese President Nguyen Xuan Phuc to Singapore , HDBank signed a cooperation agreement with Thought Machine group – the world''s leading core banking solution provider. On behalf of Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) - Digital Banking President Marcin Miller gave the agreement to apply advanced technology solutions to digital banking services in Vietnam to Mr. Nick Wilde - Managing Director APAC of Thought Machine (UK) On behalf of Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) - Digital Banking President Marcin Miller gave the agreement to apply advanced technology solutions to digital banking services in Vietnam to Mr. Nick Wilde - Managing Director APAC of Thought Machine (UK) In Vietnam, HDBank cooperates with Thought Machine to develop the latest version of the world''s leading core banking solution to replace the current core banking solution and develop a new standard for the modern core banking technology in future.

Axis Bank, Barclays, DBS Bank, Deutsche Bank, Emirates NBD Capital, IMI-Intesa Sanpaolo, JPMorgan, Mizuho Securities, MUFG, SMBC Nikko, Societe Generale and Standard Chartered will hold investor calls in Asia, the Middle East, Europe and the United States from Tuesday, the document from one of the banks showed.

NESS ZIONA, Israel , Feb. 17, 2022 /PRNewswire/ -- MeaTech 3D Ltd. (NASDAQ: MITC ), an international foodtech company at the forefront of the cultured meat industry, will be presenting its vision and efforts to develop cultured meat technologies at two different events in Dubai , which are part of the UAE''s Expo Dubai 2020. The company is developing high-quality real meat products that are slaughter free, safer and even more nutritious than farm-raised meat. MeaTech will join over 60 world leaders and the foodtech industry''s best startups, innovators and food revolutionaries at the inaugural Food for Future Summit and Expo 2022 in Dubai . The event, which will take place at the Dubai Exhibition Centre, will be hosted by H.E. Mariam Al Mheiri , Minister of Climate Change & Environment for the UAE, in association with United Nations Food and Agriculture Organization. Come visit us February 23-24 at Stand S-66 in the Dubai Exhibition Center. Also in Dubai , on February 22nd , the company will join other foodtech innovators at the Future of Agri & Food at Innovation House for an invite-only event hosted by Intesa Sanpaolo and Intesa Sanpaolo Innovation Center along with their Israeli and international partners.

Italian bank Intesa Sanpaolo has invested £40m into UK-headquartered Thought Machine, a developer of cloud-native core banking infrastructure.

Core banking technology innovator Thought Machine has signed a partnership with Intesa Sanpaolo, Italy’s largest bank by total assets. As part of the partnership, the bank has invested $54 million (£40 million) in the U.K.-based fintech. The partnership with Intesa Sanpaolo is the third bank partnership Thought Machine has secured this year. U.K. based core Read more… The post Thought Machine Secures $54 Million Investment from Italian Bank Intesa Sanpaolo appeared first on Finovate .

MILAN (Reuters) – Italy’s biggest bank Intesa Sanpaolo said on Monday it had selected core banking technology firm Thought Machine to power its new digital banking platform. As part of the partnership Intesa said it had made a 40 million pounds ($54 million) investment in Thought Machine. ($1 = 0.7407 pounds) (Reporting by Valentina Za; … Read More

MILAN, Italy, Feb. 04, 2022 (GLOBE NEWSWIRE) -- Intesa Sanpaolo lifts the veil on its new business plan to 2025 and remains faithful to its vocation as a bank with very generous dividend policies.