We need to put together the three weaknesses of the Italian banking sector: Popolare di Bari, Carige and Monte dei Paschi di Siena (Mps). The speech by Lando Maria Sileoni, general secretary of Fabi
For Unicredit , I expect an Italian guide with whom he will be able to conquer spaces left to others and resume the role he had in recent years with both Alessandro Profumo and Federico Ghizzoni.
The quality of Unicredit workers is very high, but the disengagement of the Unicredit group and the sale of family jewels pursued under the management of Jean-Pierre Mustier gave the idea of a group with no medium and long term perspective .
Other banking groups have taken advantage of this project gap: Intesa Sanpaolo has invested a lot and in a far-sighted way both in the training of staff and in its proximity to all governments with an important presence in the area, without leaving any ground for Poste Italiane.
As for the MPS hypothesis, neither the ECB, which demands stability, nor the Ministry of the Economy, which wants to get rid of the responsibility of this institution, is a problem.
Mps is the oldest bank in our sector and is a reference for the territories, starting with Tuscany.
The position that the president of the region will take within the Democratic Party will be decisive, as will the role of the Five Stars.
I conclude with a wish: to avoid a social butchery that would affect the provinces of Siena and Florence more, we have proposed to combine the three weaknesses of the Italian banking sector: Popolare di Bari, Carige and Monte dei Paschi di Siena (Mps).
If this project arises, we will look very carefully at this initiative.
Lando Maria Sileoni
general secretary Fabi
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/perche-serve-una-fusione-tra-mps-carige-e-popolare-di-bari/ on Tue, 01 Dec 2020 19:07:31 +0000.