Banca Monte dei Paschi di Siena

Background information “That he be hanged by the neck until he is dead on the gallows…”. So goes the report of the execution of Armenio Melari, treasurer at Monte dei Paschi di Siena, in year 1629. He had been convicted to death for having stolen money from the bank. No appeal was conceded while his…


Background information Unicredit is the first Italian bank by assets. And the most European one. The group roots go back to the Thirties of last century as a state owned bank called Credito Italiano when Mussolini created the Industrial Reconstruction Institute (IRI) with the mission of revamping the economy.