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EC unhappy about Golden Power law in Italy Italian banks. Image credit: Getty Images

Salvini calls on banks to make ‘contribution’ from profits

June 6, 2026June 6, 2026Deborah CaterLeave a Comment

Deputy Premier Matteo Salvini has publicly demanded that Intesa Sanpaolo and UniCredit banks contribute a share of their combined €20 billion in projected profits to the national interest. He intimated that the government intends to press the banking sector on redistributive grounds — and sending shares in both institutions briefly lower.

Banks and insurers to shoulder €4.4 bn in 2026 budget

October 16, 2025October 16, 2025Deborah CaterLeave a Comment

ROME — Italy’s banks and insurance companies are to play a central role in funding the 2026 government budget. The Draft Budgetary Plan (DBP) submitted to the European Commission calls for a €4.4 billion contribution in 2026 — equal to 0.19 % of GDP. The financial sector’s contribution is to come via the extension of […]

Meloni says banks may be asked to help with 2026 budget

October 8, 2025October 8, 2025Deborah CaterLeave a Comment

Rome, 8 October 2025 — Premier Giorgia Meloni said Tuesday that Italian banks may again be asked to contribute to the 2026 budget bill.

A grid of four Italian banks, which have been hit by a surpprise windfall tax by the government

Windfall tax sends bank shares plummeting

August 8, 2023August 8, 2023Deborah CaterLeave a Comment

The share prices of Italian banks plummeted on Tuesday after the government announced on Monday that it was imposing a 40% windfall tax on lenders’ surplus profits.