Ready or not, as minister of economic development, infrastructure and transport for the newly-formed government of prime minister Mario Monti, Italian banker-turned-bureaucrat Corrado Passera will be ...

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Illimity CEO Corrado Passera discusses consolidation in Italy's banking sector. Got a confidential news tip? We want to hear from you. Sign up for free newsletters and get more CNBC delivered to your ...

Passera doubles down on SME-neobank model While incumbent Italian banks have seen profits surge thanks to higher rates, the shrinking size and profitability of the non-performing loan market has hit ...