From Anima to Generali, the advantages of risk for savers (if it starts again) – Corriere.it

The ongoing inflation erodes the liquidity on current accounts, which remains high in Italy. While the banking and insurance risk expands to the managed savings companies (Generali cases, Mps). Will Italian savers be able to return to investing and management companies to lower commissions? Ferruccio de Bortoli asks that onEconomy of the Corriere della Seraon newsstands tomorrow for free with the newspaper, a question arises: where will Italian savings go with the current crisis?

The financial wealth of Italians is twice their public debt. Roughly five trillion – writes de Bortoli -. For Istat, the propensity to save at the end of the first half of this year was 9.3%. In significant decline (4 and a half points less in a year) but still higher than the pre-pandemic period. In order not to consume too much less, you save a little less. In parallel there is the return of bank consolidation. Will it impact costs for customers? Will expenses go down? Italian banks and insurance companies realize a large part of their profits thanks to the commissions of managed savings – writes de Bortoli -. In recent weeks, a lot of agitation to win the challenge of size.

The growth of yields

Here we recall the hypothesis of acquisition in the US by Generali of Guggenheim Partners or BrightSphere, with the sale of the profitable Banca Generali to Mediobanca. It is emphasized that the capital increase of Mps involves Axa and Anima. The historical excursus of marriages is made from Unicredit-Pioneer to Intesa-Eurizon. It should be noted that the yields of government bonds, competitors of funds and asset management, are growing. And he concludes: Perhaps a look at customer costs would not be inappropriate. The important thing is to return to investing.

In the meantime, Aid decrees follow one another precisely to combat inflation: not only in Italy, but in European countries in general. Is it true that everyone runs alone, that Europe is disunited? Not really, says a survey by the weekly that compares the shields, including Germany, and relates them to GDP and debt.

Among the effects of expensive energy there is also employment, at risk if companies that start to close. Economy tells of the return of industrial relations, starting from the trade union platform of the new Stellantis agreement, paradigmatic of wage defense strategies.

The cover dedicated to Vittore Beretta, at the head of the homonymous cured meats company. which aims for a billion in revenues and wants to expand in the US and Asia. The same goal for the Venetian Unox that studies smart, technological professional ovens to reduce consumption.

Another character of the week Giovanni Fazio, managing director of Fini di Modena who intends to double the market share in fresh pasta in three years. While on the other side of the planet, engineer Li Shufu, head of the Chinese company Geely (auto), grows up in Europe.

In the Savings section you will find a guide to pay in installments without interest. With buy now pay later apps.