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About: Veneto Banca     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:SocialGroup107950920, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: Thingcompanyschema:BankOrCreditUnionschema:Organizationdul:Agentdul:SocialPersonagentwikidata:Q24229398OrganizationBusiness enterpriseyago:WikicatBanksEstablishedIn1877yago:WikicatBanksOfItalyyago:WikicatCompaniesBasedInVenetoyago:Abstraction100002137yago:Company108058098yago:DepositoryFinancialInstitution108420278yago:FinancialInstitution108054721yago:Group100031264yago:Institution108053576yago:Organization108008335yago:YagoLegalActoryago:YagoLegalActorGeoyago:YagoPermanentlyLocatedEntitybankorganisationyago:SocialGroup107950920 New Facet based on Instances of this Class

Veneto Banca S.p.A. is a former Italian bank headquartered in Montebelluna, Italy and currently a wind-down unit. The bank changed from a cooperative society to a limited company in December 2015. Following a failed stock market listing in June 2016 it was taken over by a bail-out fund, Atlante. However, after a heavy loan write-down in 2016 financial year, as well as a scandal on selling own new shares to depositors in the past, European Central Bank announced the bank was insolvent on 23 June 2017, and would be broken up (wound up) into a good and a bad bank. Intesa Sanpaolo, the largest bank of Italy by capitalization, announced that it would be interested in buying certain good assets (and corresponding liabilities) of the bank for a token fee. A contract to acquire the "good bank" (ex