Macro Finance
Paschi Investors Deal Crushing Blow to CEO in Win for Intesa
Bloomberg Markets·October 29, 2026·1 min read
Banca Monte dei Paschi di Siena's investors overwhelmingly rejected the main element of CEO Luigi Lovaglio's defense against a takeover by Intesa Sanpaolo, setting up the world's oldest bank for potential loss of independence. The vote is a win for Intesa, which has been pursuing a merger with Paschi.
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