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Led by Chief Executive Officer Carlo Messina, Intesa has long lured investors with one of the most generous dividend policies among European banks. (Bloomberg) -- Intesa Sanpaolo SpA estimates that Italy's tax on banks' windfall profits will have an impact of less than €1 billion ($1.1 billion) on the firm, based on changes already approved by the government. Intesa Sees Less Than €1 Billion Impact From Italy Bank Tax. [Extracted from the article]

(Bloomberg) -- Italy's unexpected levy on banks' windfall profits is throwing some of Europe's most generous investor payout policies into question. "According to preliminary estimates the levy could cost banks more than €2 billion ($2.2 billion), forcing them to reduce the pool of money for buybacks and dividends.". [Extracted from the article]

More recently, Nagel has faced criticism from some shareholders including Luxottica founder Leonardo Del Vecchio for being too conservative and overly dependent on the insurer Assicurazioni Generali SpA, in which Mediobanca owns a 13% stake. Del Vecchio's holding company Delfin owns a 20% stake in Mediobanca and a 10% stake in Generali. (Bloomberg) -- Alberto Nagel has been running Mediobanca SpA since the month after Lehman Brothers collapsed. [Extracted from the article]

(Bloomberg) -- Assicurazioni Generali SpA is making progress in its talks to buy US investment firm Guggenheim Partners' asset management business, people familiar with the matter said. But while Generali has been eyeing targets in asset management for some time, a deal with Guggenheim now could prove to be a particularly daring move, as any transaction would be complicated by the strong dollar, which renders US assets more expensive. [Extracted from the article]

A right-wing coalition is widely expected to win Italy's election on Sunday, bringing fresh uncertainty for investors already fretting over rising interest rates, an energy crunch and a potential recession. (Bloomberg) -- Mario Draghi injected some confidence into bruised Italian markets after becoming prime minister in February 2021, driving reforms and forging a strong relationship with Brussels. [Extracted from the article]

(Bloomberg) -- Mario Draghi injected some confidence into bruised Italian markets after becoming prime minister in February 2021, driving reforms and forging a strong relationship with Brussels. A right-wing coalition is widely expected to win Italy's election on Sunday, bringing fresh uncertainty for investors already fretting over rising interest rates, an energy crunch and a potential recession. [Extracted from the article]