{"id":70346,"date":"2019-08-02T00:01:27","date_gmt":"2019-08-02T04:01:27","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=70346"},"modified":"2019-08-02T00:01:20","modified_gmt":"2019-08-02T04:01:20","slug":"italys-intesa-clinches-10-billion-euro-soured-loan-deal-with-u-s-hedge-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2019\/italys-intesa-clinches-10-billion-euro-soured-loan-deal-with-u-s-hedge-fund.html","title":{"rendered":"Italy&#8217;s Intesa Clinches 10 Billion Euro Soured Loan Deal With U.S. Hedge Fund"},"content":{"rendered":"<p>\n(Reuters) Italy\u2019s biggest retail bank Intesa Sanpaolo (ISP.MI) has clinched a deal with U.S. hedge fund Davidson Kempner over 10 billion euros ($11 billion) in problem loans, moving closer to a 2021 target of cutting soured debts to 6% of total lending. In reporting a higher-than-expected net profit for the second quarter, Intesa on Wednesday said it would sell 3 billion euros in so-called \u2018unlikely-to-pay\u2019 (UTP) loans to Prelios, a loan recovery specialist owned by the New York-based fund.<\/p>\n<p><a href=\"https:\/\/www.reuters.com\/article\/us-intesa-loans-davidson-kempner\/italys-intesa-clinches-10-billion-euro-soured-loan-deal-with-u-s-hedge-fund-idUSKCN1UQ1LG\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) Italy\u2019s biggest retail bank Intesa Sanpaolo (ISP.MI) has clinched a deal with U.S. hedge fund Davidson Kempner over 10 billion euros ($11 billion) in problem loans, moving closer to a 2021 target of cutting soured debts to 6% of [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-70346","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/70346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=70346"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/70346\/revisions"}],"predecessor-version":[{"id":70347,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/70346\/revisions\/70347"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=70346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=70346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=70346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}