Monte dei Paschi Board Strips CEO Lovaglio of Powers Amid Governance Clash

The board of Monte dei Paschi di Siena has stripped CEO Luigi Lovaglio of his powers following an internal governance clash, setting the stage for a leadership battle within Italy's oldest bank.

27 Mar, 05:00 — 27 Mar, 05:00

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FTVery High5d ago

How Italy’s oldest bank turned on its saviour CEO

Monte dei Paschi di Siena’s board stripped Luigi Lovaglio of his powers, setting up a fight for its leadership

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Coverage Timeline

First report: wsj · 26 Mar, 07:07|Full coverage: 2 · 22h|Window: 22h

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wsj26 Mar, 07:07First to report

Monte dei Paschi Board Revokes CEO’s Powers Amid Governance Clash - WSJ

22h later

FT27 Mar, 05:00Latest update

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Monte dei Paschi Board Strips CEO Lovaglio of Powers Amid Governance Clash

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How Italy’s oldest bank turned on its saviour CEO

Coverage Timeline

Monte dei Paschi Board Revokes CEO’s Powers Amid Governance Clash - WSJ

How Italy’s oldest bank turned on its saviour CEO

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