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05-14-2010, 08:59 AM
Italian bank Intesa SanPaolo has reported a 36 percent drop in first quarter net income. Italy s second largest bank said in a statement Friday that the profit of euro688 million was down from euro1.1 billion in the same period last year, when it enjoyed a euro511 million gain from the release of deferred taxes.

More... (http://finance.yahoo.com/news/Intesa-SanPaolo-Q1-profit-apf-341452946.html?x=0)