Intesa Sanpaolo
| Use attributes for filter ! | |
| Web site | www.intesasanpaolo.com |
|---|---|
| Stock price | ISP |
| Disclaimer | |
| Customer service | 00 39 011 801 9230 |
| Capital ratio | CET1 |
| Subsidiaries | Cassa di Risparmio in Bologna |
| Banca Apulia | |
| Address | Levent Mahallesi, Meltem Sok. İş Kuleleri, Kule 2, 34330 Beşiktaş/İstanbul |
| Hours | Closed ⋅ Opens 9AM Mon |
| Phone | (0212) 385 06 00 |
| Date of Reg. | |
| Date of Upd. | |
| ID | 713236 |
About Intesa Sanpaolo
Intesa Sanpaolo S. p. A. is an Italian banking group resulting from the merger of Banca Intesa and Sanpaolo IMI based in Torre Intesa Sanpaolo, Turin, Italy. In 2014 it was the largest banking group in Italy by market capitalization, and second by total assets.
Where is the Intesa Sanpaolo
Italian banks hit with surprise windfall tax
... Shares in the country s two largest banks, Intesa Sanpaolo and UniCredit, dropped by 8% and 6...
Interest rate 'rigging' evidence 'covered up' by banks
... They also said that ECB has always acted in line with its mandate and in full compliance with applicable law" Italian bank Intesa Sanpaolo said it had always acted independently and in full compliance with the rate-setting rules...
Italian banks hit with surprise windfall tax
By Ruth ComerfordBBC News
Italy has passed a one-off 40% tax on the profits banks earn from higher interest rates, in a shock move that has seen shares plummet.
A hike in official interest rates resulted in record profits for Italian banks.
The tax will apply to The Net interest income that comes from The Gap between The Banks ' lending and deposit rates.
Proceeds will be used to help mortgage holders and cut taxes, the government says.
The Surprise move was agreed by Prime Minister Giorgia Meloni 's ministers at a cabinet meeting late on Monday. They vowed to invest the funds raised into helping households and businesses struggling with the cost of borrowing.
" One has only to look at banks' first-half profits to realise that We Are Not Talking about a few millions, but of billions, " Deputy Prime Minister Matteo Salvini told a news conference in Rome late on Monday.
The decision shows the government intends " to punish banks' unfair behaviour" a source told the Reuters news agency,
Defending The Move , Foreign Minister Antonio Tajani told the Corriere della Sera newspaper that the measure was not against The Banks , " but a measure to protect families" and those struggling to pay mortgages.
Around €2bn (£1. 7bn) is reportedly expected to be generated from the levy, which will be used to fund support for families hit by higher interest rates.
Italy's parliament now has 60 days to pass the tax decree into law.
Shares in the country's two largest banks, Intesa Sanpaolo and UniCredit, dropped by 8% and 6. 5% respectively on Tuesday morning following The Announcement .
Shares in Banco BPM, the country's third-largest bank dropped 8. 2%, while the state-owned Monte dei Paschi di Siena dipped by 7. 4%. Other banks including Bper Banca , Banca Generali and Mediobanca were also down.
Other European countries including Hungary and Spain have imposed similar Windfall taxes on banks.
A Windfall tax is a levy imposed by a government on companies that have benefited from something they were not responsible for - in other words, a Windfall .
Source of news: bbc.com
