Ready or not, as minister of economic development, infrastructure and transport for the newly-formed government of prime minister Mario Monti, Italian banker-turned-bureaucrat Corrado Passera will be ...

Illimity CEO Corrado Passera discusses consolidation in Italy's banking sector. Got a confidential news tip? We want to hear from you. Sign up for free newsletters and get more CNBC delivered to your ...

You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. The world's oldest bank, stricken Italian lender Monte dei Paschi di Siena has just approved a private ...

Passera doubles down on SME-neobank model While incumbent Italian banks have seen profits surge thanks to higher rates, the shrinking size and profitability of the non-performing loan market has hit ...