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

Salvini calls on banks to make ‘contribution’ from profits

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.

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