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

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

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

Luigi Lovaglio served with notice by Milan prosecutors in probe linked to Mediobanca takeover

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

Almost half of the investors that voted backed slate including Luigi Lovaglio in opposition to board

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