Finance
Five Monte dei Paschi board members resign
Published by Global Banking & Finance Review®
Posted on December 18, 2024
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 18, 2024
1 min readLast updated: January 27, 2026
Five Monte dei Paschi board members resigned, impacting the bank's governance. This follows the Italian government's partial sale of the bank.
ROME (Reuters) - Five independent Monte dei Paschi board members, who had all been picked by the Italian Treasury, resigned on Tuesday, the Siena-based lender said on Wednesday.
Paolo Fabris De Fabris, Lucia Foti Belligambi, Laura Martiniello, Annapaola Negri-Clementi, Donatella Visconti, were all part of the list presented in March 2023 by Italy's Economy Minister, which holds just under 12% of Monte dei Paschi
The lender did not give a reason for their decision.
The Italian government in November sold 15% of the Tuscan bank it rescued seven years ago to a group of Italian investors, raising 1.1 billion euros.
The move allowed it to meet re-privatisation commitments agreed with Brussels, giving up control of the bailed-out bank by the end of the year.
(Reporting by Giulia Segreti, editing by Cristina Carlevaro)
The main topic is the resignation of five board members from Monte dei Paschi, a Siena-based bank.
The lender did not provide a reason for the resignations of the board members.
The resignations could impact the bank's governance and are part of broader changes following the Italian government's sale of a stake in the bank.
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