Italy's Intesa halts dividends, says crisis boosts case for UBI deal
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MILAN (Reuters) - Italy's Intesa Sanpaolo on Tuesday suspended dividend payments to comply with regulatory demands and said the coronavirus crisis strengthened the case for its proposed takeover of rival UBI Banca .Just before Italy got hit by coronavirus contagion in late February, Intesa unveiled a surprise bid for UBI to create the euro zone's seventh-largest banking group with a focus on asset management and insurance.The pandemic, which is dragging euro zone economies into a deep recession..