finance.yahoo.com

Deutsche Bank Settles €152M Frankfurt Banker Lawsuit, Payment Kept Confidential

Deutsche Bank logoDeutsche Bank
Sig2.65Sen-0.85Env0.00Soc0.00Gov-2.25

Deutsche Bank said it settled a Frankfurt lawsuit brought by former banker Dario Schiraldi, following a claim of €152 million, with the payment remaining confidential. The bank expects only a small effect on Q3 earnings. Four former employees still pursue claims exceeding £600 million in London, and Deutsche Bank disputes the allegations and losses. The settlement reduces case count but not wider uncertainty.

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