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LATEST: ECB has concerns over propsed CEO at Italy’s Banca MPS

Premium March 30, 2026

A man walks in front of Monte Dei Paschi di Siena bank in downtown Milan July 23, 2010. REUTERS/Stefano Rellandini/File Photo

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By Valentina Za

THE European Central Bank (ECB) is concerned about the banking credentials of the executive put forward by the Banca MPS board to become CEO, a person with direct knowledge of the matter has said.

The ECB’s concerns about the banking experience of Fabrizio Palermo, the current CEO of Rome utility operator ACEA, would carry weight in the assessment that the central bank will perform if Palermo is elected next month to head Italy’s third-largest lender – and could lead the ECB to attach conditions.

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BREAKING: UK fines Apple for breaching Russia sanctions

BREAKING: US Treasury proposes rule to pay whistleblowers up to 30% of fines

 Premium

NEWS: Chinese fugitive bought $108m of London property using golden passport

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