Deutsche Bank ends compensation dispute with former manager out of court

​Deutsche Bank has settled a damages dispute with a former manager out of court. This was announced by the responsible court. A spokesman for the bank confirmed the agreement, but gave no details. »The parties have agreed on confidentiality. The “settlement of this litigation will have only a small financial impact in the third quarter of 2026,” the spokesman said.

The former employee had originally sued Deutsche Bank for 152 million euros. He accused the institute of damaging his career. Other former employees are demanding a total of around 700 million euros in similar proceedings. The bankers were initially sentenced to prison in a trial in Milan for market manipulation in connection with the scandal surrounding allegedly concealed losses at the Monte dei Paschi bank.

They claim that an investigation by Deutsche Bank contributed to the guilty verdict, which was overturned on appeal. According to the district court, the plaintiff had stated that the bank had used a questionable accounting method in previous years and then used him as a "scapegoat" when supervisory authorities and the press became aware of it.

Four other lawsuits are pending in London

Four other corresponding lawsuits are still pending in London. According to Deutsche Bank, the amount in dispute in these cases is a total of more than 600 million pounds, the equivalent of around 700 million euros. The financial institution has also already reached an out-of-court agreement with a sixth ex-employee.

Deutsche Bank has repeatedly rejected the demands of the ex-employees and their allegations. The 2025 annual report states: "Deutsche Bank believes all such claims are without merit and will vigorously defend itself against them, including challenging the excessive and unrealistic losses claimed."