The relationship between Mps and its investors seems to have reached a breaking point with CEO Luigi Lovaglio canceling a series of meetings that were supposed to present a new industrial plan. This decision follows Lovaglio's exclusion from the list presented to the board of directors, implying doubts about his position and the strategic direction of Mps. Sources suggest that the new CEO may want to revise the company’s strategy, raising questions about the bank’s future beyond the upcoming shareholder meeting on April 15, where a new candidate for the CEO position will be chosen from Fabrizio Palermo, Corrado Passera, and Carlo Vivaldi.

As the situation unfolds, both the boards of Mps and Mediobanca are set to meet today, indicating that critical discussions about the future of the banks are ongoing. The potential leadership change signals a period of transition and uncertainty that could have widespread implications, not just for Mps but also for its investors and the banking sector in Italy. Market reactions to Lovaglio's departure and the new board's decisions will be closely monitored as stakeholders prepare for the changes that lie ahead.