Monte dei Paschi CEO under investigation for alleged market manipulation
Luigi Lovaglio served with notice by Milan prosecutors in probe linked to Mediobanca takeover
Luigi Lovaglio served with notice by Milan prosecutors in probe linked to Mediobanca takeover

Lender’s move against Luigi Lovaglio comes after he challenged a plan to replace him

Lender backed by Italian state is close to securing majority support for its audacious takeover bid

Board’s proposed new leader Fabrizio Palermo may not meet regulator’s approval

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

Integration plan due within six months of deal will detail funding strategies as well as IT and cyber security risks

Incumbent left off list of candidates for new board ahead of his current term ending next month