Italian Banks Continue Consolidation

7:00 AM ET Mon, 21 May 2007

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.