The circular economy is a disruption to to the business model that Intesa Sanpaolo is supporting, its CEO Carlo Messina writes, and more banks should be doing the same.

Italy’s financial challenges are far from unique, and are in fact shared by some of its neighbours, writes Giorgio Di Giorgio of the Arcelli Centre for Monetary and Financial Studies.

Italy’s banks have done well to reduce exposure to NPLs in recent years, but there remains much work to be done. Katrien Van Hoof reports.

The state is making it easier for Italian banks to reduce their cripplingly high level of non-performing loans, but investors should proceed with caution even in the new climate. 

Recent bank bailouts show that the Single Resolution Mechanism is woefully inadequate, writes Jean Dermine, professor of banking and finance at graduate business school Insead. 

Italy’s financial sector is still plagued by non-performing loans, and impairment charges and provisions are now hitting profits. Danielle Myles reports.