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Banco BPM
Banco BPM S.p.A. is an Italian bank that started to operate on 1 January 2017, by the merger of Banco Popolare and Banca Popolare di Milano (BPM) (approved by the board of directors on 24 May 2016). 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 had dual headquarters in Verona and Milan respectively. The shares of the bank is a constituent of Italian blue chip index FTSE MIB; in 2018 '' Forbes Global 2000'', Banco BPM was ranked the 831st. 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, and surpassing the former third largest bank Banca Monte dei Paschi di Siena (€164.385 billion at mid-2016). Although the Bank of Italy, the central bank, and Cassa Depositi e Prestiti (CDP), the national investment bank, technically have la ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Società Per Azioni
''Società'' (Italian language, Italian: ''Society'') was an Italian communist cultural magazine published in Italy between 1945 and 1961. History and profile ''Società'' was founded as a quarterly magazine in Florence in 1945. The founders were Ranuccio Bianchi Bandinelli, Cesare Luporini and Romano Bilenchi. Bandinelli also directed the magazine. In 1948 the magazine became closer to the Italian Communist Party (PCI), but was not published by the party. The headquarters was later moved to Rome, and in 1954 its frequency was switched to bimonthly. ''Società'' featured Italian fiction and poetry and occasionally included some essays on the theater and the cinema. It was one of the publications read by the Italian intellectuals, who had Gramscian views. Giorgio Napolitano was one of the regular contributors of the magazine. The magazine folded in 1961. References {{DEFAULTSORT:Societa 1945 establishments in Italy 1961 disestablishments in Italy Bi-monthly magazines publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
UniCredit
UniCredit S.p.A. is an international banking group headquartered in Milan. It is Italy's only systemically important bank (according to the list provided by the Financial Stability Board in 2022) and the world's 34th largest by assets. It was formed through the merger of Credito Italiano and Unicredito in 1998 but has a corporate identity stretching back to its first foundation in 1870 as Banca di Genova. UniCredit is listed on the Milan and Frankfurt stock exchanges, is a constituent stock of the Euro Stoxx 50 index of leading shares. With corporate & investment banking, commercial banking and wealth management operations, Unicredit is a pan-European bank with a strong presence in Western, Central and Eastern Europe. Through its European banking network, it provides access to market-leading products and services in 13 core markets (Italy, Germany as HypoVereinsbank, Austria as Bank Austria and eleven Central and Eastern European countries. History Founding through merg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conflict Of Interest
A conflict of interest (COI) is a situation in which a person or organization is involved in multiple interests, financial or otherwise, and serving one interest could involve working against another. Typically, this relates to situations in which the personal interest of an individual or organization might adversely affect a duty owed to make decisions for the benefit of a third party. An "interest" is a commitment, obligation, duty or goal associated with a particular social role or practice. By definition, a "conflict of interest" occurs if, within a particular decision-making context, an individual is subject to two coexisting interests that are in direct conflict with each other. Such a matter is of importance because under such circumstances the decision-making process can be disrupted or compromised in a manner that affects the integrity or the reliability of the outcomes. Typically, a conflict of interest arises when an individual finds themselves occupying two soc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Communion And Liberation
Communion and Liberation (Italian: Comunione e Liberazione, often shortened to CL) is an International Catholic movement founded in 1954 by Fr. Luigi Giussani. The official name is the Fraternity of Communion and Liberation. Its aim is to present the Christian event in a way which is in tune with contemporary culture, making it a source of new values for the modern world. The name Communion and Liberation first appeared in 1969, and it synthesizes the conviction that the Christian event, lived in ''communion'' is the foundation of man's authentic ''liberation''. Communion and Liberation is currently present in ninety countries on nearly every continent. History Communion and Liberation find its origin in the educational and catechetical methods of Luigi Giussani who, in 1954, abandoned his teaching position at the Venegono seminary to teach Catholic religion at Berchet High School in Milan. Following daily encounters with his students, Giussani soon became assistant to Catho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euro
The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . The euro is divided into 100 cents. The currency is also used officially by the institutions of the European Union, by four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. Additionally, over 200 million people worldwide use currencies pegged to the euro. As of 2013, the euro is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar. , with more than €1.3 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in ci ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Seniority (financial)
In finance, seniority refers to the order of repayment in the event of a sale or bankruptcy of the issuer. Seniority can refer to either debt or preferred stock. Senior debt must be repaid before subordinated (or junior) debt is repaid.The American Heritage Dictionary of Businessurt Publishing Company, 2010 Each security, either debt or equity, that a company issues has a specific seniority or ranking. Bonds that have the same seniority in a company's capital structure are described as being pari passu. Preferred stock is senior to common stock in a sale when preferred shareholders must receive back their preference, typically their original investment amount, before the common shareholders receive anything. FpML The seniority of bonds recognised in FpML (Financial products Markup Language) are as follows: See also * Security interest * Secured creditor * Senior debt In finance, senior debt, frequently issued in the form of senior notes or referred to as senior loans, is debt th ... [...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- an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anima Holding
Anima may refer to: Animation * Ánima (company), a Mexican animation studio founded in 2002 * Córdoba International Animation Festival – ANIMA, in Argentina Religion and philosophy * Animism, the belief that objects, places, and creatures all possess a distinct spiritual essence * ''Anima'', the Latin term for the "animating principle" and the Latin translation of the Greek ''psyche'' ** ''On the Soul'' (''De anima''), Aristotle's treatise on the soul ** Soul, the incorporeal essence of a living being in many religious, philosophical, and mythological traditions ** Spirit (animating force), the vital principle or animating force within all living things * Anima and animus, expressions of the unconscious or true inner self of an individual in Carl Jung's school of analytical psychology People Given name * Anima Anandkumar, professor of computing * Anima Choudhury (born 1953), singer from India * Anima Patil-Sabale, Indian Software and Aerospace Engineer * Anima Roy, Bang ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banca Popolare Di Mantova
Banca Popolare di Mantova S.p.A. was an Italian cooperative bank based in Mantua, Lombardy. Including the headquarters, the bank operated at 17 locations. History The company was relocated from Pescopagano, Basilicata (as Banca Operaia di Pescopagano) to Mantua in 2000, which the branches of the original bank were acquired by Banca Bipielle Centrosud, a subsidiary of Banca Popolare di Lodi (BPL Group). In 2001 the bank increased to have 4 branches. The year BPL owned 57.41% shares directly. In 2002 Bipielle Retail became the sub-holding company for 56.35%, as well as one more branch was opened. In 2003 Reti Bancarie absorbed Bipielle Retail to become another sub-holding company. In 2004 BPL further disinvested the company to 52.32%, despite 2 more branches being opened. In 2005 BP Mantova had 8 branches. In 2006 Reti Bancarie was absorbed into BPL, which hold 55.01% shares of BP Mantova. In 2007 due to the merger of Banco Popolare di Verona e Novara and BPL, Banco Popolare S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mediobanca
Mediobanca is an Italian investment bank founded in 1946 at the initiative of Raffaele Mattioli (at that time CEO of Banca Commerciale Italiana, the largest commercial bank in Italy which promoted its incorporation together with Credito Italiano) and Enrico Cuccia to facilitate the post-World War II reconstruction of Italian industry. Cuccia led Mediobanca from 1946 to 1982. Today, it is an international banking group with offices in Milan, Frankfurt, London, Madrid, Luxembourg, New York and Paris. History Mediobanca was set up to provide medium-term financing for manufacturers and establish a direct relationship between the banking sector and the investment needs of the reorganization of industry after the devastation caused by World War II. The Banking Act of 1936 established a clear separation between short term and medium-to-long term financing and the major banks had opted for specializing in short-term loans and there was the institution that would deal with financing fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cooperative Banking
Cooperative banking is retail and commercial banking organized on a cooperative basis. Cooperative banking institutions take deposits and lend money in most parts of the world. Cooperative banking, as discussed here, includes retail banking carried out by credit unions, mutual savings banks, building societies and cooperatives, as well as commercial banking services provided by mutual organizations (such as cooperative federations) to cooperative businesses. A 2013 report by ILO concluded that cooperative banks outperformed their competitors during the financial crisis of 2007–2008. The cooperative banking sector had 20% market share of the European banking sector, but accounted for only 7% of all the write-downs and losses between the third quarter of 2007 and first quarter of 2011. Cooperative banks were also over-represented in lending to small and medium-sized businesses in all of the 10 countries included in the report. Credit unions in the US had five times lower fail ... [...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 savi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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