The unitary platform renewing the banking CCN, signed on March 24 by the Dircredito, Fabi, Fiba-Cisl, Fisac-CGIL, Sinfub and UGLcredito unions, puts the defense of employment and the adoption of a new banking model as priorities. The new model should be in service of the country, which means doing in-depth work on skills and innovation.
Since 2008, the devastating social impact of the crisis in Italy has not spared banks, where return on equity (ROE) has dropped from an average 12 percent in 2007 to 0.1 percent in 2013, and it doesn’t seem that this trend is going to turn around in the next 3 years, unions point out. They say this drop mostly comes from deteriorated credit, which, they say, proves that automated risk assessment systems were inadequate when faced with the complexity of economic instability. In such circumstan
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