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| Name | Symbol | Market | Type |
|---|---|---|---|
| Intesa Sanpaolo SPA (PK) | USOTC:ISNPY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 22.991 | 20.50 | 822.99 | 0.00 | 12:07:53 |
From May 2022 to May 2024
By Giulia Petroni
Italy's competition watchdog has launched an investigation against Intesa Sanpaolo SpA for alleged unfair business practice in the marketing of real-estate mortgages.
The Italian Competition Authority, or AGCM, said Tuesday that the bank allegedly didn't provide adequate information to customers in pre-contractual documents for fixed-rate and variable-rate mortgages.
In particular, AGCM said Intesa Sanpaolo allegedly didn't provide guidance on how to calculate the time between the disbursement of a loan and the first monthly payment of the plan, which lengthens the period of mortgage repayment, increasing its cost.
Intesa Sanpaolo declined to comment.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
September 20, 2022 04:53 ET (08:53 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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