Silvia Sciorilli Borrelli

Shareholders to vote on competing board candidates in a power struggle over the future of the Italian group

Alberto Nagel secures new term as shareholders back directors proposed by outgoing board

Largest shareholder ‘deeply regrets’ acceptance of private equity’s firm offer of up to €22bn for fixed-line network

Board accepted €22bn offer for fixed-line phone and internet network despite objections from biggest shareholder Vivendi

Rome blessed purchase of Sicily plant by a company connected to billionaire convicted of corruption in Switzerland

Rome blessed purchase of Sicily plant by a company connected to billionaire convicted of corruption in Switzerland

Italy’s competition watchdog has ordered Intesa Sanpaolo, the country’s largest lender, to stop migrating customers to its new online service Isybank after receiving more than 5,000 complaints this month from account holders that were shifted without their consent. The Rome-based regulator said on Thursday that it wanted customers to “be put in the condition of choosing whether to keep an account in Intesa Sanpaolo at previous conditions or shift to Isybank”. Isybank, which was launched in June, is Intesa’s latest rollout of a cloud-based service, a key pillar of the lender’s strategy to fend off competition from online services and fintech groups, and Intesa hopes to transfer millions of customers across.

Executives at European lenders have long called for consolidation to compete with US and Asia rivals

Its shares have quadrupled, but the Italian bank must decide where to expand — and how to quit Russia

After more than 10 months of preparation, the Italian footwear brand was seeking to raise about $966 million in a Milan listing as early as Friday. Then something went wrong.