UPDATE 1-Italy’s Intesa clinches 10 bln euro soured loan deal with U.S. hedge fund
Italy’s biggest retail bank
Intesa Sanpaolo has clinched a deal with U.S. hedge
fund Davidson Kempner over 10 billion euros ($11 billion) in
problem loans, moving closer to a 2021 target of cutting soured
debts to 6% of total lending.
Intesa Sanpaolo has clinched a deal with U.S. hedge
fund Davidson Kempner over 10 billion euros ($11 billion) in
problem loans, moving closer to a 2021 target of cutting soured
debts to 6% of total lending.
Posted by Reuters
