Paschi Ousts CEO as Bank Revamp Is Mired by Investor Doubt

Updated on
  • Italian Treasury says bank’s situation is under control
  • Viola’s replacement as CEO seen named within next few days

Where Does Paschi Turn Next After Ousting CEO Viola?

Banca Monte dei Paschi di Siena SpA ousted Chief Executive Officer Fabrizio Viola as investors sought a change in leadership to back the Italian lender’s turnaround plan and avoid a bailout.

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