Monte Paschi Fires CEO Lovaglio After Previously Ousting Him

Banca Monte dei Paschi di Siena SpA formally removed ousted Chief Executive Officer Luigi Lovaglio after it had stripped him of his powers for defying the board’s plan to replace...

By Steven Arons · Bloomberg Markets

Banca Monte dei Paschi di Siena SpA formally removed ousted Chief Executive Officer Luigi Lovaglio after it had stripped him of his powers for defying the board’s plan to replace him.