Italian banking gets a shakeup.  Foreign shareholders, including French bank Credit Agricole and Spain’s Santander, are key to the success of the deal. 

“Two of Italy’s biggest banks are to merge, forming an industry giant with a market value of 55bn euros (£37bn). The merger of Banca Intesa and rival Sanpaolo IMI will create Europe’s 10th largest bank.”

Source: “BBC NEWS | Business | Merger creates Italian bank giant – Mozilla Firefox”

And others may be to follow:

Other Italian banks are also believed to be attempting to form new merged identities.

tags: Italian+banks, European+banks