1. Monte dei Paschi Board Fires CEO Luigi Lovaglio After Stripping Powers in Defiance Clash
The board of Banca Monte dei Paschi di Siena has formally terminated CEO Luigi Lovaglio, a decisive move that follows the board stripping him of his executive powers. The core of the conflict was Lovaglio's defiance of the board's established plan to replace him, signaling a deep and public rift at the top of Italy's o...