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KM Financial Solutions | UPDATE 1-Italy’s Intesa clinches 10 bln euro soured loan deal with U.S. hedge fund
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UPDATE 1-Italy’s Intesa clinches 10 bln euro soured loan deal with U.S. hedge fund

30 Jul UPDATE 1-Italy’s Intesa clinches 10 bln euro soured loan deal with U.S. hedge fund

Posted at 13:21h in News by
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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.

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