To be or not to be a co-operative bank

Background information The governor of the Bank of Italy, Ignazio Visco, doesn’t miss an opportunity to call for Italy’s co-operative banks to transform themselves into proper limited companies and abandon their traditional statute of one head one vote. There are 37 co-operative banks in Italy all with the same governance model which represent a major…

Investment banks active in Italy

Background information Even if the investment banking industry was first invented in Italy, when Middle Ages commodity traders in Lombardy, followed by Hebrew merchants seeking shelter in Italy from persecutions in Spain began investing into the wheat production and distribution chain,