Our Articles
Europe's Banking Union Stress Test:
The UniCredit - Commerzbank Consolidation
​The UniCredit – Commerzbank case illustrates the promise and political limits of European banking consolidation. Despite having a clear strategy for a cross-border merger, Germany’s resistance to foreign control has stalled progress. The episode highlights how national interests continue to outweigh market efficiency within Europe’s Banking Union.
Intesa Sanpaolo
Historical and Today Real Estate Strategy
The Intesa Sanpaolo case illustrates how asset-light strategies can be applied even in traditionally property-heavy sectors such as banking. Rather than pursuing ownership, the group has progressively shifted toward disposals, funds, and lease-based solutions to free up capital, enhance operational flexibility, and improve tax efficiency. The episode highlights how real estate management has become a strategic lever to support core banking activities, sustainability goals, and organizational transformation.