• Cassa di Ravenna Chairman Antonio Patuelli criticized bank taxation on Oct. 23, 2026, saying shareholders' total tax burden approaches 60%.
• He called for equal tax treatment across sectors, contrasting bank shareholders' burden with very low taxes paid by non-European big tech companies.
• Patuelli warned rising government bond yields require banks to build additional precautionary provisions against potential market risks.
• Italy's 10-year government bond yield stood at 4.59%, with the spread over German bonds at 128 basis points.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. La Cassa di Ravenna S.p.A. published the original content used to generate this news brief on October 23, 2026, and is solely responsible for the information contained therein.