Dexia, Sanpaolo might merge in cross-border banking deal
Article Abstract:
Two midsize European banking groups, Belgium's Dexia S.A. and Italy's Sanpaolo IMI, are in discussions to form a closer relationship that industry analysts are suggesting could eventually lead to a merger of the two companies. If the consolidation were to come about, the newly combined company would have a market capitalization of 37 billion euros at current stock prices, placing it among Europe's top ten financial institutions.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
Sanpaolo IMI net profit falls 35%
Article Abstract:
Sanpaolo IMI S.p.A. posted a decline of 35% in its net profits for 2002. The bank posted 889 million euros in net profits for the year, relying on risk reserves.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
User Contributions:
Comment about this article or add new information about this topic:
Italian insurer sees steady climb in net, dividends
Article Abstract:
Riunione Adriatica di Sicurta S.p.A. is forecasting a 58% increase in net profits in the 2006 year. The company is also targeting a 13% return-on-equity in 2003.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Under new management: Ramos order brings shareholdings under state control. Look closely: Manila's fiscal surplus isn't what it seems
- Abstracts: Bear Stearns net rose 52% in period. Morgan Stanley, Bear Stearns post lower net profit. Instinet posts a quarterly loss as revenue declines by 23%