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
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Global Banking & Finance Review®
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Published by Global Banking & Finance Review®
Posted on December 18, 2024
1 min readLast updated: January 27, 2026
Add as preferred source on GoogleFive 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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