Intesa is the second-largest Italian lender and is focused on increasing its commission stream.
No-moat Intesa Sanpaolo has come to an agreement with the liquidators of the two failing Italian banks--Banca Popolare di Vicenza and Veneto Banca--to acquire certain assets and liabilities for the token amount of EUR 1. As part of the transaction, the bank picks up performing loans and dues to customers amounting to around EUR 26 billion each, as well as financial assets, tax assets, senior bonds, and indirect deposits, while the remaining nonperforming loans will be covered by taxpayer funds i...Intesa Sanpaolo is a commercial bank. Co. is engaged in lending and deposit collection operations in Italy and associated financial services, serving Households, Personal, Small Business, Private and Small and Medium Enterprise customers. Co. provides medium-term credit, leasing, factoring and agribusiness (Mediocredito Italiano), consumer credit (Intesa Sanpaolo Personal Finance), management of electronic payments (Setefi), and trust services (Sirefid). Co. has approximately 4,300 branches, including Retail and Business branches, distributed broadly throughout Italy. At Dec 31 2014, Co. had total assets of Euro646.43 billion.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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