In a dramatic reversal of expectations, Luigi Lovaglio has returned to the helm of Banca Monte dei Paschi di Siena (MPS) as Chief Executive Officer. The decision came following a high-stakes shareholders’ meeting in Siena, where a surprise shift in voting blocs overturned the projected victory of the outgoing board’s slate. The outcome was decided … Read more
Milan, Italy – Generali, one of Europe’s largest insurers, is signaling a strong interest in replacing AXA as a key partner to Monte dei Paschi di Siena (MPS), Italy’s oldest bank, and expanding its commercial ties with UniCredit. This move comes as Generali reports record operating results for 2025, positioning the company for further growth … Read more
Global markets faced a turbulent session on Thursday, March 12, 2026, as concerns over a prolonged conflict in Ukraine and rising oil prices fueled investor anxiety. European stock exchanges largely closed in negative territory, with Milan’s FTSE MIB index experiencing a modest decline of 0.3%. The ongoing geopolitical uncertainty, coupled with inflationary pressures, continues to … Read more