Archive · 15 Sep 2025
Deutsche Bank, Ex-Managers Fail Mediation Over Criminal Case
Deutsche Bank and some of its former employees are in a disagreement that couldn't be solved in mediation.
The former managers claim that the bank did something wrong in a past case, which hurt their careers.
This case involved another bank, Banca Monte dei Paschi di Siena SpA, in Italy.
The ex-managers were previously accused of market manipulation, but were later found not guilty.
They claim Deutsche Bank's investigation unfairly blamed them.
Now, they might sue Deutsche Bank in court in London and Frankfurt.
Deutsche Bank and five ex-managers failed to reach an agreement in mediation.
The dispute concerns allegations of wrongful actions by the bank related to a criminal case.
The criminal case originated with Banca Monte dei Paschi di Siena SpA.
Former managers claim the bank's audit unfairly blamed them.
Lawsuits are likely to be filed by former employees in London and Frankfurt.
- Who
- Deutsche Bank and five former managers.
- What
- Mediation ended without an agreement regarding a criminal case.
- When
- Mediation proceedings have concluded recently.
- Where
- Proceedings took place in an undisclosed location, potential lawsuits in London and Frankfurt.
- Why
- The former managers allege the bank acted wrongfully, harming their careers in a criminal case.
Ex-Managers
Deutsche Bank
Audit Report
Ex-Managers
The audit report was not handled neutrally, and unfairly pinned the blame on them.
Deutsche Bank
The bank has defended the audit as fair.
Alleged Damages
Ex-Managers
The former managers claim the bank harmed their careers.
Deutsche Bank
The bank considers the claims to be without merit.
- Parties Involved
- Deutsche Bank, five former managers
- Dispute
- Allegations of wrongful actions in a criminal case
- Criminal Case Origin
- Banca Monte dei Paschi di Siena SpA
- Outcome of Mediation
- No agreement reached
- Possible Lawsuits
- Likely in London and Frankfurt
- Relevant Audit
- Commissioned in 2013 by Deutsche Bank