With a market capitalization of 9.55 billion, the multichannel bank born in 1999 is worth more than the five banks with a centuries-old tradition. Penalized by investor fears for credit risks, fueled by 10 years of hyper-regulation and by ECB Supervision itself
by Alessandro Graziani
The third Italian banking center behind Intesa Sanpaolo and UniCredit? According to the stock exchange it already exists and is Fineco Bank which, with a market capitalization of 9.35 billion euros, is now worth exactly the same as the sum of the 5 candidate banks for the aggregations: BancoBpm (3.9 billion), Bper (2.5 billion), Popolare Sondrio (1, 6 billion), Mps (0.9 billion), Carige (0.5 billion).
How is it possible that five banks with a tradition of over a hundred years, and even more than a century in the case of Monte Paschi …
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