Italy’s Intesa Bank Is on Track To Exit Its Russian Operations Fully LeapRate

February 08, 2024 BY Simon Mugo

Italy’s Intesa Bank Is on Track To Exit Its Russian Operations Fully

The move was further supported in September when President Vladimir Putin issued a decree allowing for transactions involving these assets. In an interview with Bloomberg Television, CEO Carlo Messina revealed that Intesa has significantly reduced its exposure in Russia to a "minimal" level. Yet, the bank has struggled to wholly disentangle itself from its subsidiary…

February 02, 2024 BY Simon Mugo

Alibaba Explores Selling Consumer Assets: RT-Mart and Freshippo

One source in the exclusive report noted that this strategic move is part of Alibaba's refocused strategy under the leadership of chairman Joe Tsai and the newly appointed CEO Eddie Wu, aiming to concentrate on its original and profitable e-commerce operations while stepping away from non-essential and unprofitable segments. The company has initiated discussions with…

March 24, 2015 BY Andrew Saks-McLeod

RBS takes down its interest in Citizens by 50%, aims to raise $3 billion

As a result of public discourse over RBS' 80% ownership by taxpayers following its near-collapse in 2008 after a period of aggressive expansion, RBS is focusing its efforts on home soil, with plans to sell $3 billion worth of stock in Citizens Financial Group, and to pull out of most European, Middle Eastern and Asian markets, with a potential 19,000 jobs to go

Tag: divest