In Italy, the investment bank MEDIOBANCA and the financial services company MEDIOLANUM, controlled by the holding owned by businessman Silvio Berlusconi and financier Ennio Doris, have announced the creation of a joint undertaking in the private banking field. The new bank will manage the assets of investors who have a minimum of EUR 5 million, and who would receive high quality services. In parallel to this agreement, the two establishments foresee cross participation of a maximum of 2% of...