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Monte Paschi Chairman And CEO Expected To Stay On As Board Meets

wochit business
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January 14, 2014 AT 8:43 AM
Monte dei Paschi di Siena's chairman and CEO are not expected to go through with a threat to quit on Tuesday, when the bank's board meets for the first time since its largest shareholder forced the delay of a vital share issue. On the agenda is the future of Chairman Alessandro Profumo and CEO Fabrizio Viola, who both threatened to resign last month after their proposal for a share sale in January was voted down.