Archive · 20 Aug 2025
Deutsche Bank CEO Faces Scrutiny Over Risky Trades Allegations
Deutsche Bank's CEO, Christian Sewing, is under fire because of a lawsuit from a former banker, Dario Schiraldi.
The lawsuit says Sewing didn't handle an investigation into risky trades properly, more than ten years ago.
Schiraldi claims he was blamed for the bank's bad decisions.
Sewing was in charge of investigating the trades at the time.
The bank is now looking into the case again.
The bank says that Schiraldi is wrong and that they did nothing wrong.
The court will hear the case later this year, where the former banker is claiming that the bank damaged his career.
Deutsche Bank CEO Christian Sewing faces scrutiny over his role in investigating derivatives trades over a decade ago.
A former banker, Dario Schiraldi, is suing Deutsche Bank for 152 million euros, claiming he was scapegoated for risky deals.
The lawsuit has prompted Deutsche Bank to review its handling of the situation and Sewing's involvement.
Schiraldi and other bankers were acquitted in 2022 after being convicted by an Italian court in 2019.
Deutsche Bank maintains the allegations against it are 'without merit'.
- Who
- Dario Schiraldi, a former Deutsche Bank employee, is suing Deutsche Bank and CEO Christian Sewing.
- What
- A former Deutsche Bank employee is suing the bank, alleging the CEO's actions and the bank's handling of risky trades were improper.
- When
- The lawsuit is related to events over a decade ago, with the case to be heard in a Frankfurt court in December.
- Where
- The events and lawsuit involve Deutsche Bank, with proceedings in Germany.
- Why
- Schiraldi claims he was unfairly blamed for risky trades and seeks damages for reputational and financial harm.
Plaintiff's Claims
Deutsche Bank's Defense
Scapegoating Allegations
Plaintiff's Claims
Sewing and the bank scapegoated Schiraldi and others.
Deutsche Bank's Defense
The bank's management seeks to conceal their tacit approval for risky deals.
Audit Impartiality
Plaintiff's Claims
Deutsche Bank's audit had a predetermined outcome.
Deutsche Bank's Defense
Deutsche Bank's management approved parts of deals similar to the one Schiraldi was involved in.
- Plaintiff
- Dario Schiraldi
- Defendant
- Deutsche Bank
- Lawsuit Amount
- 152 million euros ($178 million)
- CEO Under Scrutiny
- Christian Sewing
- Court Location
- Frankfurt, Germany
- Related to Trades
- Derivatives trades involving Monte dei Paschi (MPS)