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Atlante (private Equity Fund)
Atlante is an Italian banking sector owned bail-out equity fund that is dedicated to recapitalize some Italian banks, as well as purchase the securitization, securities of the subordinated debt, junior tranches of non-performing loans. It was established in 2015 in response to the Italian bad debt crisis of that year. The fund was under regulation by the EU Alternative Investment Fund Managers Directive 2011, Alternative Investment Fund Managers Directive. According to Federico Ghizzoni, former CEO of UniCredit, although the bank may inject €1 billion to the fund, the bank had a priority to sell their bad loan to the fund. UniCredit had about €20 billion net value of bad loans on the balance sheets as of 31 December 2015. Moreover, both UniCredit and Intesa Sanpaolo (via Banca IMI) were already underwritten Banca Popolare di Vicenza and Veneto Banca for a combined €2.5 billion capital increase. The contributions of the fund would make the fund become the buyer of the unsold sh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Securitization
Securitization is the financial practice of pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans, or credit card debt obligations (or other non-debt assets which generate receivables) and selling their related cash flows to third party investors as securities, which may be described as bonds, pass-through securities, or collateralized debt obligations (CDOs). Investors are repaid from the principal and interest cash flows collected from the underlying debt and redistributed through the capital structure of the new financing. Securities backed by mortgage receivables are called mortgage-backed securities (MBS), while those backed by other types of receivables are asset-backed securities (ABS). The granularity of pools of securitized assets can mitigate the credit risk of individual borrowers. Unlike general corporate debt, the credit quality of securitized debt is non- stationary due to changes in volatility that are time ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banco BPM
Banco BPM S.p.A. is an Italian bank that commenced operations on 1 January 2017, by the merger (approved by the board of directors on 24 May 2016) of Banco Popolare and Banca Popolare di Milano (BPM). The bank is the third largest retail and corporate banking conglomerate in Italy (in terms of total assets in 2016), behind Intesa Sanpaolo and UniCredit. The bank has dual headquarters in Verona and Milan respectively. The shares of the bank are a constituent of Italian blue chip index FTSE MIB; in 2018 ''Forbes Global 2000'', Banco BPM was ranked the 831st. Banco Popolare and BPM, then Banco BPM have been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence Banco BPM is directly supervised by the European Central Bank. History , the date of formation, Banco BPM is the third largest retail and commercial banking conglomerate by ''pro forma'' total assets in Italy, behind UniCredit and Intesa Sanpaolo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banca Popolare Dell'Etruria E Del Lazio
Banca Tirrenica S.p.A. formerly known as Nuova Banca dell'Etruria e del Lazio S.p.A. was an Italian bank based in Arezzo, Tuscany. The bank was re-established on 22 November 2015 as a good bank of the original Banca Popolare dell'Etruria e del Lazio (BPEL). The bank was bought by UBI Banca on 18 January 2017 for a nominal fee. Both Tyrrhenian and Etruria were alternative names for the area that is located in Central Western Italy. History Banca Popolare dell'Etruria Banca Mutua Popolare Aretina was founded on 16 April 1881 in Arezzo. On 18 December 1971 the bank absorbed two fellow Tuscan "Popular Banks": Banca Popolare Senese (found 1865 in Siena) and Banca Popolare della Provincia di Livorno, as well as being renamed Banca Popolare dell'Etruria. In 1972, Banca Popolare di Montepulciano was absorbed, followed by Banca Popolare di Pontevalleceppi (a Perugia ''frazione'') in 1982, Banca Popolare di Cagli in 1985 and Banca Popolare di Gualdo Tadino in 1987. Banca Popolare dell'E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cassa Di Risparmio Di Ferrara
Nuova Cassa di Risparmio di Ferrara S.p.A., known as Nuova Carife ew Carifein short, was an Italian bank, based in Ferrara, Emilia-Romagna. Nuova Carife was founded on 22 November 2015 as a good bank that spin off from the original Cassa di Risparmio di Ferrara S.p.A. (Carife). The old Carife was under administration from 2013 and 2015, and now being liquidated as a bad bank. Nevertheless, Nuova Carife was a short-lived bank, which was acquired by BPER Banca in 2017 from Italian Resolution Fund, becoming branches of the banking group in the same year. The former majority shareholder and the old legal person of the bank, Fondazione Cassa di Risparmio di Ferrara (Fondazione Carife), survived as a charity organization. History Cassa di Risparmio di Ferrara Found in 1838 by Count Alessandro Masi, Cassa di Risparmio di Ferrara was one of the oldest savings bank () after Bologna (since 1837), Spoleto (since 1836; renamed and relocated in 2012; closed 2016) and Rome (1836; now defunct) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cassa Di Risparmio Della Provincia Di Chieti
Banca Teatina S.p.A. formerly known as Nuova Cassa di Risparmio di Chieti S.p.A. was an Italian savings bank headquartered in Chieti Scalo, Chieti, Abruzzo region. The bank was formed on 22 November 2015 to replace the old S.p.A. which was under special administration from 2014 to 2015. The bank was bought by UBI Banca on 18 January 2017 for a nominal fee. S.p.A. was the successor of the bank that known as "", which was under legal reconstruction in the 1990s. The former legal entity of "" became Fondazione , which was the majority shareholder of the S.p.A. before its failure in 2015. History was found in 1938 by the merger of Cassa di Risparmio Marrucina (found 1862) and Cassa di Risparmio di Guardiagrele. In 1992, Due to , the statutory corporation was split into a "company limited by shares" S.p.A. (in short Carichieti S.p.A.), and a banking foundation Fondazione ("Fondazione Chieti" in short). The foundation was the owner of Carichieti S.p.A. for 80%, with Cariplo owne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banca Delle Marche
Banca Adriatica S.p.A. trading as UBI Banca Adriatica and formerly known as Nuova Banca delle Marche S.p.A. was an Italian bank based in Jesi, Marche region. It has operations in several regions in central Italy, but concentrated in Marche region, which 73% of the branches were located in that region as of 2016. The bank was formed on 22 November 2015 by the spin off of the good assets of the original Banca delle Marche S.p.A.. Banca delle Marche was formed in 1994 by the merger of the savings banks of Marche region. The bank faced capital shortfall and was nationalized by Italian National Resolution Fund in 2015 as Nuova Banca delle Marche, with toxic assets of the bank was spin off from the new legal person. The bank was bought by UBI Banca on 18 January 2017 for a nominal fee, renaming to Banca Adriatica. In the same year it was merged into UBI Banca. Predecessors The history of the bank could be traded back to some savings banks in Marche region in the town of Jesi (found 184 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Senior Debt
In finance, senior debt is debt that takes priority over other unsecured or otherwise more "junior" debt owed by an issuer. Senior debt is frequently issued in the form of senior notes or referred to as senior loans. Senior debt has greater seniority in the issuer's capital structure than subordinated debt. In the event the issuer goes bankrupt, senior debt theoretically must be repaid before other creditors receive any payment. Senior debt is often secured by collateral on which the lender has put in place a first lien. Usually this covers all the assets of a corporation and is often used for revolving credit lines. It is the debt that has priority for repayment in a liquidation. It is a class of corporate debt that has priority with respect to interest and principal over other classes of debt and over all classes of equity by the same issuer. Limitations to seniority Secured parties may receive preference to unsecured senior lenders Notwithstanding the senior status ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banca Popolare Dell'Emilia Romagna
BPER Banca S.p.A., formerly known as Banca Popolare dell'Emilia Romagna S.C., is an Italian banking group offering traditional banking services to individuals, corporate and public entities. The company is based in Modena and is a constituent of the FTSE MIB index. The bank had branches in most of Italy, but not in Aosta Valley and Friuli – Venezia Giulia. The bank is a majority shareholder of Piedmontese bank Cassa di Risparmio di Bra and Saluzzo, as well as minority shareholders of Fossano and Savigliano. BPER has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank. History Banca Popolare dell'Emilia was formed by the merger of Banca Popolare di Modena (founded in 1867) with Banca Cooperativa di Bologna on 29 December 1983. The bank merged with Banca Popolare di Cesena to form Banca Popolare dell'Emilia Romagna on 1 May 1992. The bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credito Valtellinese
Credito Valtellinese (known as Creval) was an Italian bank based in Sondrio (in Lombardy, Italy) prior to its acquisition by Crédit Agricole Italia in 2021. The company was a former component of FTSE Italia Mid Cap Index of the Borsa Italiana (Milan Stock Exchange), but was removed and added as a component of Index in May 2017; the bank was added back to the reserve list of FTSE Italia Mid Cap in August 2017. The bank was named after the area Valtellina. The bank had 363 branches in Northern Italy (as Credito Valtellinese), 40 branches in Marche and Umbria (former Carifano), and 133 branches in Sicily (as Credito Siciliano). Credito Siciliano had three more branches outside the island of Sicily. It had a market share of 32% in Sondrio. However, only 2.9% in whole Lombardy region in terms of deposits, as of 30 June 2014, as well as only 1.7% in terms of branches as the 10th of Italy. Since 2021, it is part of Crédit Agricole Italia after a successful takeover bid by Créd ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banca Mediolanum
Banca Mediolanum S.p.A. is an Italian bank, insurance and asset management conglomerate which is the parent company of Gruppo Mediolanum (Mediolanum Group). The CEO of the company is Massimo Antonio Doris, and the bank is listed on the Borsa Italiana and is a constituent of the FTSE MIB index from the end of 2015 when it incorporated its parent company Mediolanum S.p.A. Mediolanum Group was founded by Ennio Doris, the current second largest shareholders of the conglomerate. The conglomerate provided asset management, banking, and insurance services to customers in Italy, Spain (as Banco Mediolanum and Fibanc) and Germany ( Bankhaus August Lenz & Co.). Despite being ranked sixth by market capitalization among financial services companies (behind Intesa Sanpaolo, UniCredit, Assicurazioni Generali, UnipolSai and Mediobanca in 2016), the conglomerate (Mediolanum S.p.A.) was ranked 13th by total assets among bank (2014 data), as well as much smaller in size by risk-weighed assets, th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deutsche Bank (Italy)
Deutsche Bank S.p.A. is an Italian bank based in Milan, Lombardy. It is a subsidiary of Deutsche Bank A.G. History Banca dell'Italia Meridionale was found in 1917. It was acquired by Amadeo Giannini, the founder of Bank of Italy (United States) in 1922. The bank was renamed to Banca d'America e d'Italia (literally the ''Bank of America and Italy''). In December 1986 Deutsche Bank acquired 98.3% voting rights of the bank. In 1994 the bank was renamed to Deutsche Bank S.p.A.. In 1994 the DB Italy also acquired Banca Popolare di Lecco. In 1999 DB Italy acquired 20% shares of Cassa di Risparmio di Asti which was sold to Banca Popolare di Milano Banca Popolare di Milano S.p.A. also known as Bipiemme or just BPM is an Italian bank based in Milan, Lombardy. The bank is a wholly owned subsidiary of Banco BPM. Banca Popolare di Milano S.c. a r.l., an urban area cooperative bank, was founded ... in 2004. From 2000 to 2003 the bank also had a minority interests in Banca di Cividale. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crediop
Dexia Crediop S.p.A. was an Italian bank specializing in financing public infrastructure which was part of Dexia Group, and disappeared in 2023 in the context of Dexia's orderly resolution plan. History Consorzio di Credito per le Opere Pubbliche (Crediop) was found by Alberto Beneduce in 1919 as a public entity. Sanpaolo Bank The privatization was started in late 1980s. In 1989 Istituto Bancario San Paolo di Torino was the second largest owner for 35%, which was purchased from Istituto Nazionale della Previdenza Sociale and Istituto Nazionale Assicurazioni, with Cassa Depositi e Prestiti (CDP) retained 60.7%. In late 1991 Sanpaolo Group bought 50% ownership from CDP. Due to Legge Amato, In 1992 it became a società per azioni (limited company) from statutory corporation , which San Paolo Bank Holding S.p.A. (52.3%), Istituto Bancario San Paolo di Torino S.p.A. (37%) and Cassa Depositi e Prestiti S.p.A. (10.7%) were the shareholders. In 1995 the bank was wholly owned by Sanpaol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |