Intesa Sanpaolo chairman sees limited impact from Italy windfall tax

The logo of bank Intesa Sanpaolo is seen in Milan, Italy, January 18, 2016. REUTERS/Stefano Rellandini/File Photo Acquire Licensing RightsCERNOBBIO, Italy, Sept 1 (Reuters) – The chairman of Intesa Sanpaolo (ISP.MI) sees no cause for alarm over the impact of the windfall tax on Italian banks and said it would probably cost Italy’s biggest bank less than 1 billion euros ($1.08 billion).”There will be an effect but I don’t think it will have alarming consequences because Italian banks are robust and the important thing is that the market is competitive,” Gian Maria Gros-Pietro told reporters at the European House Ambrosetti business …
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