Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Monte dei Paschi board expresses full confidence in CEO Lovaglio
    Finance

    Monte dei Paschi board expresses full confidence in CEO Lovaglio

    Published by Global Banking & Finance Review®

    Posted on December 8, 2025

    1 min read

    Last updated: January 20, 2026

    Monte dei Paschi board expresses full confidence in CEO Lovaglio - Finance news and analysis from Global Banking & Finance Review
    Tags:Appointmentmanagementfinancial servicescomplianceInvestigation

    Quick Summary

    Monte dei Paschi di Siena supports CEO Lovaglio amid a criminal investigation into the Mediobanca takeover, confirming compliance with regulatory requirements.

    Monte dei Paschi Board Backs CEO Lovaglio Amid Probe

    MILAN, Dec 5 (Reuters) - Monte dei Paschi di Siena on Friday expressed support for its chief executive, who is under criminal investigation in connection with the bank's takeover of Mediobanca.

    "The board ... unanimously renewed its full confidence in Chief Executive Luigi Lovaglio, confirming he complies with ... requirements set for bank executives," the bank said, referring to regulatory requirements.

    MPS, Italy's oldest bank, completed a hostile takeover of Mediobanca in September, securing a majority stake. Milan prosecutors are investigating alleged market manipulation and obstruction of regulators in the deal.

    Lovaglio, 70, and MPS' two biggest shareholders are targets of the probe. The shareholders are Italian construction tycoon Francesco Gaetano Caltagirone and Delfin, the holding company of late Ray-Ban billionaire owner Leonardo Del Vecchio.

    Mediobanca has historically been insurer Assicurazioni Generali's main shareholder, and prosecutors have alleged the manipulation was intended to strengthen the two investors’ influence over Mediobanca and Generali.

    (Reporting by Valentina Za; Editing by Cynthia Osterman)

    Key Takeaways

    • •Monte dei Paschi supports CEO Lovaglio amid investigation.
    • •CEO Lovaglio is under investigation for market manipulation.
    • •MPS completed a hostile takeover of Mediobanca in September.
    • •Prosecutors allege manipulation to influence Mediobanca.
    • •Key shareholders involved are Caltagirone and Delfin.

    Frequently Asked Questions about Monte dei Paschi board expresses full confidence in CEO Lovaglio

    1What is market manipulation?

    Market manipulation refers to illegal activities that distort the natural supply and demand of a financial market, often to create artificial prices or trading volumes to benefit the manipulator.

    2What is a hostile takeover?

    A hostile takeover occurs when one company attempts to acquire another against the wishes of the target company's management. This often involves purchasing a controlling stake in the target company through open market purchases or a tender offer.

    3What is compliance in banking?

    Compliance in banking involves adhering to laws, regulations, and internal policies to ensure that financial institutions operate within legal frameworks and maintain ethical standards.

    4What is an investigation in finance?

    An investigation in finance typically involves examining financial records and transactions to uncover potential fraud, misconduct, or regulatory violations within a financial institution.

    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Finance PostICICI Prudential Asset's India IPO to open on December 12
    Next Finance PostUK's Princess Kate celebrates community work at annual Christmas service
    More from Finance

    Explore more articles in the Finance category

    Image for Hungary's opposition Tisza promises wealth tax, euro adoption in election programme
    Hungary's opposition Tisza promises wealth tax, euro adoption in election programme
    Image for Farmers report 'catastrophic' damage to crops as Storm Marta hits Spain and Portugal
    Farmers report 'catastrophic' damage to crops as Storm Marta hits Spain and Portugal
    Image for If US attacks, Iran says it will strike US bases in the region
    If US attacks, Iran says it will strike US bases in the region
    Image for Olympics-Biathlon-Winter Games bring tourism boost to biathlon hotbed of northern Italy
    Olympics-Biathlon-Winter Games bring tourism boost to biathlon hotbed of northern Italy
    Image for Analysis-Bitcoin loses Trump-era gains as crypto market volatility signals uncertainty
    Analysis-Bitcoin loses Trump-era gains as crypto market volatility signals uncertainty
    Image for NatWest closes in on $3.4 billion takeover of wealth manager Evelyn, Sky News reports
    NatWest closes in on $3.4 billion takeover of wealth manager Evelyn, Sky News reports
    Image for Stellantis-backed ACC drops plans for Italian, German gigafactories, union says
    Stellantis-backed ACC drops plans for Italian, German gigafactories, union says
    Image for US pushes Russia and Ukraine to end war by summer, Zelenskiy says
    US pushes Russia and Ukraine to end war by summer, Zelenskiy says
    Image for Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Russia launches massive attack on Ukraine's energy system, Zelenskiy says
    Image for Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Russia launched 400 drones, 40 missiles to hit Ukraine's energy sector, Zelenskiy says
    Image for The Kyiv family, with its pets and pigs, defying Russia and the cold
    The Kyiv family, with its pets and pigs, defying Russia and the cold
    Image for Two Polish airports reopen after NATO jets activated over Russian strikes on Ukraine
    Two Polish airports reopen after NATO jets activated over Russian strikes on Ukraine
    View All Finance Posts