Banks are institutions that have the right to carry out financial intermediation activities. That is, it collects the savings of customers and stores them in exchange for a cost for the service.
The costs of keeping money in a bank, whatever it is, are one of the main methods of financing the bank itself. Above all, the interest that customers pay for applying for a loan or taking out a mortgage, finances banking institutions.
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The comment of Antonio Patuelli, number one of ABI, who raised the alarm on BTPs.
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The country’s brokerages will need to consolidate to achieve scale.
