Story perspectives

Monte dei Paschi Reinstates CEO Amid Mediobanca Controversy

4/16/2026

Summary

Story summary

On April 15, 2026, Monte dei Paschi di Siena reinstated Luigi Lovaglio as chief executive after a board conflict over the Mediobanca acquisition, with eight seats backing Lovaglio’s position.
Lovaglio's plan to merge Mediobanca into MPS faced opposition from Francesco Gaetano Caltagirone.
MPS has become a key investor in Generali.
Ongoing investigations into alleged collusion among Lovaglio, Caltagirone, and Delfin over Mediobanca and Generali continue.

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Story summary

On April 15, 2026, Monte dei Paschi di Siena reinstated Luigi Lovaglio as chief executive after a board conflict over the Mediobanca acquisition, with eight seats backing Lovaglio’s position.
Lovaglio's plan to merge Mediobanca into MPS faced opposition from Francesco Gaetano Caltagirone.
MPS has become a key investor in Generali.
Ongoing investigations into alleged collusion among Lovaglio, Caltagirone, and Delfin over Mediobanca and Generali continue.