Deutsche Bank

Deutsche Bank has settled a compensation lawsuit with a former manager out of court; the amount paid was not disclosed for confidentiality reasons. The ex-employee had originally demanded €152 million and accused the bank of damaging his career. The bank expects only a "small financial effect" in the third quarter of 2026; in London four similar lawsuits are still pending with a total disputed amount of more than £600 million, and a sixth case has already also been settled out of court. » More on zeit.de

A few days before the scheduled court trial, Deutsche Bank reached an out-of-court settlement with a former manager and the lawsuit was withdrawn. The bank confirmed the deal without naming an amount and said the impact on the third quarter would be small, but analysts and shareholders still have questions about the size. Plaintiffs seek damages over reputation-damaging allegations from the financial crisis; in a similar case a reported severance of €35–45 million was already paid. The bank calls the suits unfounded and defends the 2013 investigation led by Christian Sewing as thorough and independent. » More on sueddeutsche.de

A former manager, Dario Schiraldi, is suing Deutsche Bank in Frankfurt for 152 million euros in damages over opaque repo-to-maturity transactions with Santorini, a subsidiary of Monte dei Paschi. The core dispute concerns the accounting treatment and a 2013 internal special audit that Schiraldi and other plaintiffs hold responsible for their later charges in Italy; the bank rejects the allegations and says it will defend itself vigorously. Parallel lawsuits by other ex-employees are running in London with combined claims of around 750 million euros, pushing the bank’s potential exposure close to one billion euros. » More on faz.net