Four ex-employees of Deutsche Bank have launched legal action against Germany’s biggest bank, demanding more than 600 million pounds (equivalent to $800 million) in compensation related to a matter involving Italy’s Monte dei Paschi bank, according to Deutsche Bank’s annual report released Thursday.
Deutsche Bank characterized the legal challenges brought in English courts as “without merit.”
While these legal battles were previously known, the massive financial demands being sought had not been publicly revealed until now.
This enormous sum adds to another 152 million euro ($175.58 million) lawsuit filed by a separate former banker in a Frankfurt court during 2024, which is scheduled for a hearing this year.
The former employees bringing these cases claim Deutsche Bank damaged their professional careers.
In response, Deutsche Bank stated it “will defend itself against them robustly, including disputing the inflated, unrealistic alleged losses claimed.”
These legal challenges emerged during what became Deutsche Bank’s most successful financial year since 2007, which led to increased compensation for CEO Christian Sewing.
Sewing’s total pay package reached approximately 10.5 million euros ($12.12 million) for 2025, representing an increase from the previous year’s 9.75 million euros, as revealed in the bank’s annual filing.
