ECB warns Monte dei Paschi over chief executive succession battle
Board’s proposed new leader Fabrizio Palermo may not meet regulator’s approval
Board’s proposed new leader Fabrizio Palermo may not meet regulator’s approval

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

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

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

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

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