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MPS Director Di Stefano Resigns as Milan Prosecutors Probe Alleged Insider Trading

The probe centers on trades placed before MPS’s 2025 bid for Mediobanca, following evidence from a phone seized in wider banking inquiries.

Overview

  • Monte dei Paschi said board member Stefano Di Stefano, a senior Treasury official, resigned with immediate effect citing personal reasons and the newly opened investigation.
  • Milan prosecutors are examining alleged abuse of inside information tied to purchases on January 2, 7 and 21, 2025 of about €33,000 in MPS shares and €120,000 in Mediobanca, sold on January 28 for roughly €8,700 in profit for him and about €1,000 for his son.
  • Investigators seized Di Stefano’s mobile phone in November 2025 during searches related to the broader banking case and later analyzed its contents.
  • Intercepted calls reported by outlets include a conversation with CDP’s Alessandro Tonetti in which Di Stefano described Mediobanca’s stance as “very antigovernmental.”
  • According to Corriere della Sera, the insider‑trading line was triggered by suspicious‑transaction reports routed from the Bank of Italy’s UIF to financial police, with a separate notification also arriving from Consob, and it proceeds separately from the main MPSMediobanca probe involving Caltagirone, Milleri and MPS CEO Lovaglio.