Intesa Sanpaolo is working on a possible sale of its Russian assets, although international sanctions are limiting the number of potential buyers, making it a difficult task, said the head of the largest Italian bank. “We are trying to work to select buyers, but you know that most of them are subject to sanctions, so […]
Tag: Intesa Sanpaolo
Intesa Sanpaolo: Cut off investment in Russia and Belarus
Intesa Sanpaolo SpA announced that it has stopped investing in Russia and Belarus, after the increase of the supervision in its activities there, since the beginning of the Russian invasion in Ukraine. The Italian bank stressed that it has stopped investing in Russian and Belarusian financial instruments, regardless of the current sanctions regimes. He also […]
Intesa Sanpaolo: It further cuts 2,000 seats by 2025
Intesa Sanpaolo has reached an agreement with the workers’ unions regarding its plans to cut another 2,000 jobs through voluntary redundancies, and to hire 1,100 new employees by 2025. The Italian bank said late yesterday that its target of 2,000 people leaving voluntarily would affect the entire group, including executives. Intesa plans to proceed with […]