Intesa CEO: Too Many Banks in Italy and Europe

The video discusses the challenges and opportunities for mergers and synergies among European banks. It highlights the difficulties in achieving cross-country synergies due to cost and revenue issues. The potential for consolidation is seen mainly in specific sectors like private banking and asset management, rather than among large banks. The video also addresses the problem of having too many banks in Europe, suggesting that consolidation within countries could exploit synergies and create shareholder value.

What is necessary to create value for shareholders in a merger according to the speaker?

What type of consolidation does the speaker foresee within countries?