“Why Italian Banks Pay Low Interest Rates for Deposits – Insights from Banca Sistema’s CEO Gianluca Garbi”

MILANO — Gianluca Garbi, founder and CEO of Banca Sistema, asks not to lump everything together, in criticizing Italian banks because they pay little money for deposits. There are those who still keep rates very close to zero, such as those who collect through local branches, and those who collect online and adjust daily to market rates: otherwise the customer presses a button and brings the money from the competition. The former manager of Tesorotut…