Pitfalls may lurk for Intesa-Sanpaolo if past bank deals are any indication

Article Abstract:

Banca Intesa S.p.A. of Italy is to merge with Sanpaolo IMI S.p.A. also of Italy. The merged banking synergy is valued at more than 68 billion Euros with savings and new revenue of 1.6 billion Euros ($2.1 billion) over the first three years. As barriers to cross-border acquisitions fall, the European financial sector is facing a wave of consolidation.

Europe, Economic aspects, European Union, Sanpaolo IMI S.p.A., Industry overview, Financial report

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Why Intesa's chief is rushing to make his deal with Sanpaolo

Article Abstract:

Corrado Passeroa CEO of Banca Intesa, has been building support for the $82.9 m erger between Banca Intesa S.p.A. and Sanpaolo. Mr. Passera will be CEO of the merged bank , and will lead its restructuring.

Management dynamics, Executive changes & profiles, Management, Officials and employees, Company business management, Passera, Corrado

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Italian banks Intesa and Sanpaolo agree to merge

Article Abstract:

Banca Intesa S.p.A. and Sanpaolo IMI S.p.A. have announced a merger worth $37.54 billion. The merger of the two midsize banks will create a bank with much more clout in Europe.

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