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Associazione Di Fondazioni E Di Casse Di Risparmio S.p.A.
Associazione di Fondazioni e di Casse di Risparmio S.p.A. (Association of Foundations and Savings Banks) is an Italian banking association. The members were the savings banks ( it, casse di risparmio or singular ''cassa di risparmio'') of Italy, or the foundation that originate from the reform trigger by Legge Amato. History The association was found in 1912 as Associazione fra le Casse di Risparmio Italiane (ACRI) (Association of Italian Savings Banks). Due to , the savings banks became banking foundations and their respective "companies by shares" ( it, Società per azioni). After 25 years of merger and acquisitions, only 24 member banks (including banks with mount of piety origins) survived, with only eight of them were owned by their original banking foundations, plus Banca Carige that went fully publicly owned. The rest of the savings bank that survived from their establishments until 1991, became part of Intesa Sanpaolo, UniCredit, Banco BPM, UBI Banca, BPER Banca, Banca Popol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legge Amato
Legge is a surname. Notable people with the surname include: *Alexander Legge (1866–1933), US businessman, president of International Harvester * Anthony Legge (1939–2013), British archaeologist specialized in zooarchaeology *Arthur Kaye Legge KCB (1766–1835), Royal Navy officer *Arthur Legge (British Army officer) (1800–1890), British soldier and politician *Arthur Legge (footballer) (1881–1941), Australian sportsman *Augustus Legge (1839–1913), bishop of Lichfield from 1891 until 1913 * Barnwell R. Legge (1891–1949), US Army officer and WWII Military Attaché to Switzerland * Barry Legge (born 1954), retired Canadian ice hockey player who played in the National Hockey League *Charles A. Legge (born 1930), former United States federal judge * Charles Legge (1829–1881), Canadian civil engineer and patent solicitor *David Legge (born 1954), Australian rules footballer with St Kilda *Dominica Legge (1905–1986), British scholar of the Anglo-Norman language * Dominique ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cassa Depositi E Prestiti
Cassa Depositi e Prestiti S.p.A. (also kwown as CDP or CDP Group) is a prominent Italian investment bank founded on November 20, 1850, in Turin. Its main duty was to finance public works like roads and waterworks during the reign of Victor Emmanuel II of Italy, King of Sardinia-Piedmont. CDP is the major Italian institution for economic development through long-term investments at local, regional and national level and acts as the government's arm for executing public policy mandates. It is among the founders (with Caisse des Dépots, KfW and European Investment Bank) of the Long-Term Investors Club, a group that gathers 18 major financial institutions and institutional investors from all over the world mainly from G20 countries. History The institution was initially created under the name ''Cassa Piemontese'' by Act of the Parliament of the Kingdom of Sardinia No. 1097 of 18 November 1850. Its main purpose was to mobilise capital received by the State through private savings ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fondazione Banca Del Monte E Cassa Di Risparmio Faenza
Banca del Monte e Cassa di Risparmio Faenza was an Italian saving bank and a charity organization, based in Faenza, in the Province of Ravenna, Romagna. The banking activities were merged with counterparts from Lugo to form Banca di Romagna, while the charity function was survived as Fondazione Banca del Monte e Cassa di Risparmio Faenza. Bank The bank was found by local mount of piety, which itself was found in 1491. Due to 1990s Italian banking reform, the bank transformed from a statutory corporation to a società per azioni, by incorporating Banca del Monte e Cassa di Risparmio Faenza S.p.A. as a subsidiary of the statutory corporation. At the same time the articles of association of the statutory corporation were modified to become a private legal person, as Fondazione Banca del Monte e Cassa di Risparmio Faenza, or Fondazione Monte Faenza in short). Cassa di Risparmio in Bologna (Carisbo) also subscribed to the capital increase of the S.p.A. At the same time the banking foun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fondazione Banca Del Monte Di Lucca
Banca del Monte di Lucca S.p.A. is an Italian bank. It was related to charity organization Fondazione Banca del Monte di Lucca which they were split in 1990s. Bank The predecessor of the bank, a mount of piety ( it, monte di pietà), was founded in 1489. The bank was later changed the denomination to Monte di Credito su Pegno di Lucca due to a banking reform, despite the "Monte" reflected the mount of piety root. Due to another banking reform in 1990s (), the organization was split into a ''società per azioni'' and a banking foundation in 1992. Banca Monte Lucca, and the savings banks of Florence, Livorno, Lucca, Pisa, Pistoia, San Miniato, also formed a loose banking group: Holding Casse Toscane in the same year. In 1996, CR Pisa, Livorno, Lucca and Banca Monte Lucca quit the group and formed Holding Casse del Tirreno. In 1999 the three savings banks were acquired by Banca Popolare di Lodi. In 2000 Banca Carige acquired 51% shares of Banca Monte Lucca S.p.A.. The foundation sold ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fondazione Banca Del Monte Di Lombardia
Banca del Monte di Lombardia was an Italian regional bank and a charity organization. Due to 1990s banking reform, a S.p.A. and Fondazione Banca del Monte di Lombardia were formed, which the former was merged with another bank in 1995. History The bank was formed in 1987 by the merger of Banca del Monte di Milano and Banca del Monte di Pavia e Bergamo. In 1995 the bank merged with Cassa di Risparmio di Cuneo to form Banca Regionale Europea, which later part of Banca Lombarda bank group (Banca Lombarda e Piemontese), the predecessor of UBI Banca. Bank Foundation The former owner of the bank, Fondazione Banca del Monte di Lombardia (the bank foundation), was found in 1992 due to Italian banking reform (Legge Amato). In 2000 the foundation sold part of their shares on Banca Regionale Europea, in exchange for the shares of Banca Lombarda e Piemontese. In 2010 the foundation acquired minority interests in Banca Popolare Commercio e Industria Banca Popolare Commercio e Industria S.p. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fondazione Banca Del Monte Di Foggia
Banca del Monte di Foggia S.p.A. also known as Banca del Monte "Domenico Siniscalco-Ceci" di Foggia in honor a sponsor , was an Italian regional bank based in Foggia, Apulia region. Due to Legge Amato, the statutory corporation was split into a Società per Azioni and a banking foundation on 6 December 1994. The bank sector was sold in 1998 and absorbed into Banca della Campania on 28 December 2006, both as a subsidiary of 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 .... Fondazione Banca del Monte di Foggia, still acts as a charity organization. References External links Fondazione Banca del Monte di Foggia Organizations established in the 1580s 1588 establishments in Italy Banks disestablished in 2006 Italian companies disestablished ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ente Cassa Di Risparmio Di Firenze
Ente Cassa di Risparmio di Firenze is a foundation originated from Cassa di Risparmio di Firenze. The foundation was the minority shareholders of Banca CR Firenze S.p.A. (until 2015) as well as the 5th largest shareholders of Intesa Sanpaolo, for 2.615% (414,655,221 as of 31 December 2015, a net increase from 410,855,221 at 31 December 2014). As of 31 December 2014 the ''ente'' also owned 14% of Aeroporto di Firenze (company), Aeroporto di Firenze, which became part of Toscana Aeroporti in 2015. The ''ente'' was the major shareholders of the bank of the same name (Banca CR Firenze, Banca Cassa di Risparmio di Firenze), which was sold to Intesa Sanpaolo in 2008. It had a shareholders' equity of €1,317,497,954 at 31 December 2014. Due to a reform in bank foundation, which requires foundations to invest at most 33% on a single company, the ''ente'' sold part of its stake in Intesa Sanpaolo in 2015. On 22 May 2014 the ''ente'' made a put option with Intesa Sanpaolo to sell the remain ... [...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- and stru ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Atlante (private Equity Fund)
Atlante is an Italian private equity fund that is dedicated to recapitalize some Italian banks, as well as purchase the securities of the junior tranches of non-performing loans. The fund was under regulated by EU 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 increases. The contributions of the fund would make the fund become the buyer of the unsold shares, instead of the banks themselves. As BPVi announced that the new shares would be priced between €3 and €0.1 per shares, the fund on behalf of UniCredit would purchase the unsold share for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Economy And Finance (Italy)
The Ministry of Economy and Finance ( it, Ministero dell'Economia e delle Finanze), also known by the acronym MEF, is a ministry of the Italian government. Its responsibilities include overseeing economic policy, public investments and spending. The Ministry's headquarters are located in Rome's historic ''Palazzo delle Finanze''. The current minister in the Meloni Cabinet is Giancarlo Giorgetti. History Already in 1947 the De Gasperi III Cabinet tried to merge the pre-existing Ministries of Treasure and Finance but it found a political opposition due to the great power concentrated in the hands of minister Pietro Campilli, and the project was abandoned for over fifty years. MEF was created with the Bassanini reform which unified the economical ministers with the legislative decree n. 300 of 1999. In 2001 the Berlusconi II Cabinet applied the reform and the MEF was created with the merger of former ministries: the Ministry of Treasure, Budget and Economic Programming and the Mini ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |