Italy’s bank tax hike and EU blocking UniCredit’s merger put Andrea Orcel, CEO of UniCredit, back in the spotlight.
Italy's government aims to raise about €4.3 billion from banks and insurers in 2026 as part of an €18 billion fiscal package. Prime Minister Meloni emphasizes that profits from 2025 will fund social support, while the government also plans to cut income taxes for certain earners. The move is part of broader efforts to support public finances amid economic uncertainty.