financetom
Business
financetom
/
Business
/
Former Deutsche Bank employees seek $800 million in damages in Monte dei Paschi case
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Former Deutsche Bank employees seek $800 million in damages in Monte dei Paschi case
Mar 12, 2026 12:55 AM

FRANKFURT, March 12 (Reuters) - Four former Deutsche Bank employees are seeking more than 600 million pounds ($800 million) in damages from Germany's largest lender in a case involving Italian bank Monte dei Paschi, Deutsche Bank disclosed in an annual report on Thursday.

The claims, filed in English courts, are "without merit", Deutsche Bank said.

The lawsuits are known but the amount of damages sought has not yet been made public.

The sum comes on top of 152 million euros ($175.58 million) claimed by a fifth banker in a Frankfurt court that was filed in 2024 and is slated to be heard later this year.

($1 = 0.7473 pounds)

($1 = 0.8657 euros)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
General Motors investing in 3 US facilities for production of gas, electric vehicles
General Motors investing in 3 US facilities for production of gas, electric vehicles
Jun 10, 2025
DETROIT, June 10 (Reuters) - General Motors ( GM ) on Tuesday said it is planning to invest about $4 billion at three U.S. facilities. GM is investing in plants in Michigan, Kansas, and Tennessee to expand finished vehicle production of several of GM's most popular vehicles, the company said. ...
Shutterstock Shareholders Approve Merger With Getty Images
Shutterstock Shareholders Approve Merger With Getty Images
Jun 10, 2025
05:34 PM EDT, 06/10/2025 (MT Newswires) -- Shutterstock ( SSTK ) shareholders approved the proposed merger with Getty Images ( GETY ) during a special meeting. About 82% of the issued and outstanding shares voted in favor of the merger, Shutterstock ( SSTK ) said Tuesday in a statement. The merger is expected to close in H2, subject to regulatory...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Cheesecake Factory Insider Sold Shares Worth $1,105,846, According to a Recent SEC Filing
Cheesecake Factory Insider Sold Shares Worth $1,105,846, According to a Recent SEC Filing
Jun 10, 2025
05:36 PM EDT, 06/10/2025 (MT Newswires) -- Scarlett May, Executive Vice President, General Counsel, on June 09, 2025, sold 18,800 shares in Cheesecake Factory ( CAKE ) for $1,105,846. Following the Form 4 filing with the SEC, May has control over a total of 54,413 common shares of the company, with 54,413 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/887596/000141588925016554/xslF345X05/form4-06102025_090625.xml ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved