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Finance & Markets

Paschi Investors Deal Crushing Blow to CEO in Win for Intesa

Banca Monte dei Paschi di Siena SpA’s investors overwhelmingly rejected the main element of CEO Luigi Lovaglio’s defense against a takeover by Intesa Sanpaolo SpA, setting up the world’s oldest bank for the potential loss of its independence.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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