Monte Paschi’s Ousted CEO ‘Comfortable’ Running for New Term

Ousted Banca Monte dei Paschi di Siena SpA Chief Executive Officer Luigi Lovaglio said he’s “comfortable” with his decision to seek a new term and defy plans by the board...

By Steven Arons · Bloomberg Markets

Ousted Banca Monte dei Paschi di Siena SpA Chief Executive Officer Luigi Lovaglio said he’s “comfortable” with his decision to seek a new term and defy plans by the board of directors for a change at the top.