Italian banks face long, uphill road to modernisation


  • TECH
  • Tuesday, 21 Nov 2017

The main hall is pictured inside Palazzo delle Colonne at the Intesa San Paolo bank downtown Milan, Italy, November 13, 2017. REUTERS/ Stefano Rellandini

MILAN: Bailed-out Monte dei Paschi, the world's oldest bank and a bastion of tradition dating back to 1472, has entered the realms of virtual reality. It's an unlikely sign of the times. 

After surviving the worst of a bad loans crisis, Italian banks face another daunting mission: modernising centuries-old businesses and finding new ways to make money. 

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