Italian President Sergio
Mattarella on Thursday said banking institutions and personnel
should direct their efforts towards transforming the low
interest rates on savings into investments. He was speaking on
the occasion of the 92nd World Savings Day, sponsored in Italy
by the Association for Savings Banks and Foundations (ACRI).
"The anomalous scenario of financial earnings makes it more
urgent than ever to ensure the safeguarding of savings,"
Mattarella said. The president went on to call for "transparency
in informing" bank clients and the market on the ongoing process
of consolidation in the sector.
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