With overflowing pride and characteristic swagger prime minister Bettino Craxi announced to the world in the mid-1980s that Italy had achieved the grande sorpasso. The country once considered the poor relative of Europe had overtaken the UK as the world’s fifth-largest economy.
Fineco – the online trading and direct financial services unit of Brescia-based bancassurer Bipop-Carire – achieved a similarly historic feat earlier this year, though with much less fanfare.
In the first few months of this year Fineco overtook its formidable German rivals, Consors Discount Brokers and Comdirect Bank, to become European leader both by number of online trades executed and the number of direct financial services clients.
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