Intesa Sanpaolo is Italy’s biggest retail bank.

On Thursday, as per a source familiar with the matter at hand stated, Intesa Sanpaolo, Italy’s biggest retail bank, is holding talks with a unit of U.S. fund Davidson Kempner for selling $11 billion (10 billion euros) in unlikely-to-pay property loans.

Intesa was not immediately available for comment.

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Tags: advances, Davidson Kempner, ECB, economics, economy, European Central Bank, fund, impaired loans, Intesa Sanpaolo, Italian, Italy, loans, property, retail bank, sale, sell, U.S, United States, unlikely-to-pay