Meloni Says Italian Government’s Role in Paschi Has Ended (2)

Italy’s Prime Minister Giorgia Meloni said the government’s role in Banca Monte dei Paschi di Siena SpA “has ended,” indicating her administration will not be involved in the lender’s future governance and strategic decisions.

It was “one of those complex dossiers that we inherited and that we managed successfully,” Meloni said in an interview in Rome this week, describing the bank’s rescue and restructuring as “very ambitious.” The lender now is “a solid institution,” she said.

Monte Paschi last year completed a €17 billion ($20.1 billion) acquisition of larger rival Mediobanca SpA, creating Italy’s third-largest lender by assets and ...