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Director Palermo resigns as MPS governance split persists
Key takeaways
- Board instability now matters because MPS is no longer only a rescued bank; it is trying to absorb Mediobanca and reshape Italy's banking map.
- Committee control, director exits and replacement choices will influence who oversees integration, related-party decisions and governance safeguards.
- The latest turmoil is testing whether MPS can complete its post-bailout transition while the Italian state continues its remaining exit.
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