Archive · 1 Oct 2025
Deutsche Bank Sued by Ex-Managers Over Monte Paschi Scandal
Some former Deutsche Bank managers are suing the bank in London.
They claim Deutsche Bank wrongly blamed them for a scandal at an Italian bank called Monte dei Paschi.
The managers say an audit report made them look guilty.
The ex-managers had been accused of hiding losses using tricky trades.
However, they were found not guilty in Italy.
Deutsche Bank says the claims are false and it will fight them.
The case involves how Deutsche Bank did business with Monte dei Paschi, which led to a financial investigation.
Former Deutsche Bank managers are suing the bank in a London court.
The lawsuit centers on allegations of wrongful blame in the Monte dei Paschi accounting scandal.
Ex-managers, including Michele Foresti, claim they were unfairly implicated in an audit report.
Deutsche Bank denies the claims and will defend itself.
The ex-managers were previously acquitted in an Italian criminal case related to the scandal.
- Who
- Former Deutsche Bank managers, including Michele Foresti and Michele Faissola, are suing Deutsche Bank.
- What
- The former managers are suing Deutsche Bank, claiming they were wrongfully blamed in an audit report related to the Monte dei Paschi accounting scandal.
- When
- The lawsuit was filed recently in a London court.
- Where
- The lawsuit is in a London court. Related events occurred in Italy.
- Why
- The ex-managers allege the bank's misconduct and the audit report unfairly implicated them in the scandal.
- Parties Involved
- Deutsche Bank, former managers: Michele Foresti, Michele Faissola, Ivor Scott Dunbar, Matteo Angelo Vaghi, and Marco Veroni
- Location of Lawsuit
- London court
- Claim
- Wrongful blame in the Monte dei Paschi accounting scandal
- Prior Legal Action
- Dario Schiraldi sued Deutsche Bank in Frankfurt
- Related Scandal
- Monte dei Paschi (MPS) accounting scandal
- Deutsche Bank's Response
- Claims are without merit; will defend itself
- Outcome of Italian Case
- Ex-Deutsche Bank staffers acquitted in 2022 by Milan appeals court; upheld by Italy’s Supreme Court in 2023