Banca Monte dei Paschi di Siena Denies Irregularities in Board, Management Conduct

01:01 AM EDT, 07/30/2026 (MT Newswires) -- Banca Monte dei Paschi di Siena (BMPS.MI) responded to concerns raised in a letter by four directors, confirming that there were no irregularities in the activities of its board or senior management. The Italian lender said Wednesday its Chief Executive Officer Luigi Lovaglio was acting within the mandate granted by the board to assess potential extraordinary transactions involving the bank. Monte Paschi added that the appointment process for vacant board seats was proceeding in line with European Central Bank requirements, while the composition of its board committees and the operation of its governing bodies complied with applicable regulations and market practices.