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Actionable news in DB: DEUTSCHE BANK AKTIENGESELLSCHAFT,

Monte dei Paschi CEO to Step Down as Bank Courts Investors for Rescue Plan

Italy's Banca Monte dei Paschi di Siena announced late Thursday that CEO Fabrizio Viola has agreed to resign but said it would seek to name a successor soon as it courts investor approval for a restructuring plan unveiled in July.

Viola took the helm in May 2012 "at a time of extreme difficulty for the institute," and "leaves a profitable and solid bank," the lender said ollowing his meeting with the board that agreed on the departure.

The 58-year-old has agreed to stay in office until a successor is appointed "and to provide all necessary...


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