Italy's Government Ends Role in Banca Monte dei Paschi di Siena

Italy's Prime Minister Giorgia Meloni announced that the government will no longer participate in the governance and strategic decisions of Banca Monte dei Paschi di Siena SpA. Bloomberg posted on X, highlighting that this marks the end of the government's involvement with the lender. The decision signifies a shift in the administration's approach to the bank's future operations.