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[BUSINESS] · Italy · 11 sources

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Monte dei Paschi di Siena Foundation supports Lovaglio industrial plan

The Deputazione Generale of the Fondazione Monte dei Paschi di Siena has unanimously endorsed the industrial development project proposed by CEO Luigi Lovaglio. The foundation aims to preserve the bank’s strategic independence, corporate identity, and the maintenance of its general management and headquarters in Siena.

The decision comes ahead of the shareholder assembly scheduled for October 29, 2026. The foundation stated that while it prioritizes the current plan to safeguard employment and local social profiles, it remains open to considering extraordinary operations from external parties only if shareholders reject the current industrial project.

This internal move follows political tension, with the Movimento 5 Stelle (M5S) calling for the immediate resignation of Foundation President Riccardo Coppini. The M5S criticized Coppini for his perceived openness to an acquisition by Intesa Sanpaolo, which they argue lacks sufficient guarantees for the territory of Siena.

Entities

Bank of Italy · Fondazione Monte dei Paschi di Siena · Luigi Lovaglio · MPS Foundation · Mediobanca · Monte dei Paschi di Siena · Riccardo Coppini · Siena

Claims

What the coverage asserts, and how many sources carry each claim.

  • [○ 1 SOURCE] Bnl will exit the list of systemically important institutions for 2027. www.soldionline.it
  • [○ 1 SOURCE] Intesa Sanpaolo has expressed opposition to the MPS-Mediobanca merger. www.businesspeople.it
  • [○ 1 SOURCE] Bank of Italy included Monte dei Paschi di Siena in the 2027 list of systemically important institutions. www.soldionline.it
  • [○ 1 SOURCE] Proposals regarding Banco Bpm, Banca Generali, and a 4 billion euro dividend are expected to be rejected. www.businesspeople.it
  • [○ 1 SOURCE] Bper Banca is also joining the list of systemic banks for 2027. www.soldionline.it
  • [● 2 SOURCES] The MPS Foundation intends to vote in favor of the bank's current industrial development project at the October 29, 2026 assembly. www.fondazionemps.it · www.lapresse.it
  • [○ 1 SOURCE] Systemically important institutions must maintain a capital buffer of up to 1.25%. www.soldionline.it
  • [○ 1 SOURCE] MPS CEO Luigi Lovaglio expects a favorable vote on the proposed merger with Mediobanca. www.businesspeople.it
  • [● 3 SOURCES] The industrial plan aims to ensure the conservation of strategic independence and the maintenance of the general management in Siena. www.fondazionemps.it · www.sbircialanotizia.it · www.lapresse.it
  • [● 3 SOURCES] The Movimento 5 Stelle (M5S) has called for the immediate resignation of Fondazione MPS President Riccardo Coppini. www.radiosienatv.it · www.gazzettadisiena.it · sienanews.it
  • [○ 1 SOURCE] CEO Luigi Lovaglio expects a favorable vote on the proposed merger with Mediobanca. www.businesspeople.it
  • [○ 1 SOURCE] First Cisl is demanding binding guarantees regarding jobs, the branch network, and the maintenance of the legal headquarters in Siena. www.tgregione.it