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CEO of Italy s MPS pressured to seek partners support for cash call | WKZO | Everything Kalamazoo

By Pamela Barbaglia and Valentina Za LONDON/MILAN (Reuters) - Monte dei Paschi (MPS) Chief Executive Officer Luigi Lovaglio is increasingly under pres.

CEO Of Italy s MPS Pressured To Seek Partners Support For Cash Call

Monte dei Paschi (MPS) Chief Executive Officer Luigi Lovaglio is increasingly under pressure to secure support from the state-owned bank s main commercial partners for a capital raise of up to 2.5 billion euros ($2.5 billion), three sources close to the matter said.

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