Italian Banks’ Paths through the Crisis

Abstract

Over the past seven years, the financial system has undergone an unprecedented crisis, which has caused important changes in the structure and business models of banks. This paper explores the main changes in the structure of Italian banks' assets in 2007-2013, by size and category, as a result of the financial crisis and of regulatory and business models changes. The analysis shows that the effects of the crisis were very different on different categories, and that business models have changed, pushing the different banking categories to business models and balances increasingly similar.

Are There Conditions That Can Predict When an M&A Works? The Case of Italian Listed Banks

“…Appendix A (Table A4)). This highlights the role played by the economic crisis in the performance of the banking system, during which convergence to a lower similar value occurred (Zedda 2016). Consistent with these findings are other results showing lower values both in the performance and profitability indexes (Montanaro and Tonveronachi 2017).…”

“…They found a relatively small increase in banks' efficiency and conjectured that there were adverse effects on development and inequality. Indeed, it is timely to fill this gap, especially considering that, when compared with its main European competitors, the Italian banking system has several distinctive features due to its particular economic conditions and policies, which date back to the last century (Zedda 2016).…”

“…The Italian banking system presents strong differentiation points in comparison with other ones, which are mainly derived from its peculiar economic conditions and policies characterising the end of the 1990s (Zedda 2016). The troubled harmonisation process regulating both the banking sector and market integration led Italian banks to experience a delay in the consolidation process.…”