Intesa Sanpaolo (BIT:ISP)
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2 Months : From Nov 2019 to Jan 2020
By Carlo Martuscelli
Intesa Sanpaolo S.p.A. (ISP.MI) said Wednesday that it had received approval to provide wealth management services in China through its wholly-owned subsidiary, Yi Tsai.
The Italian lender said it was the first bank to be given permission to operate a wealth management arm fully under its control in the Asian country.
Intesa said that Yi Tsai will operate in the city of Qingdao, which has been designated a zone to pilot wealth management projects in China.
Write to Carlo Martuscelli at email@example.com; @carlomartu
(END) Dow Jones Newswires
December 11, 2019 05:13 ET (10:13 GMT)
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