Shares of Intesa Sanpaolo (MIL: ISP) recorded the best week since 2011 by gaining more than 14%. The price action is now approaching a critical resistance around 1.80, which served as a multi-year support in the past. Fundamental analysis: ECB approves UBI takeover Intesa Sanpaolo received positive news from the European Central Bank (ECB) in relation to its takeover of UBI Banca (MIL: UBI), Reuters reports. The bank now has to get approval from Italian antitrust and market authorities. By completing this deal, Intesa hopes to become the Eurozone’s seventh-largest bank with more than €1 trillion in assets, focused on
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