Intesa CEO: Good and Bad in Negative Interest Rates

The transcript discusses the challenges and opportunities in the banking sector, particularly in a zero rate environment. It highlights the difficulties in making money through net interest margins but points out potential growth in wealth management and commissions. The discussion also covers the interdependence of European banks and growth, and the potential for corporate investments. The future of banking is envisioned with a focus on wealth management and strategic positioning outside Italy.

What challenges are faced in making money in the current banking environment?

How can the zero rate environment create opportunities for growth?

What is the relationship between European banks and European growth?

What does the speaker envision for the future of their bank in five years?

What are the potential benefits of focusing on wealth management over corporate and investment banking?