Paschi Approves Preliminary List of Candidates for New Board

Banca Monte dei Paschi di Siena SpA has approved a preliminary list of candidates for a new board of directors, according to people familiar with the matter.

The lender’s board on Friday signed-off on a long list, the first step in selecting 20 nominees to be proposed by the outgoing board to shareholders at an April 15 meeting, the people said asking not to be identified as the matter is private. The final short list is set to be approved in early March.