Italian Banks Continue Consolidation

Monday, 21 May 2007 | 7:00 AM ET

Italy's largest bank, UniCredit, announced the acquisition of its smaller rival, Capitalia, for $29 billion on Sunday. Alessandro Roccati, Vice President of Italian Banks at Fox-Pitt, Kelton, speaks to CNBC's Louisa Bojesen about UniCredit CEO Alessandro Profumo's strategy in the acquisition of the Italian bank.