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Deutsche Bank CEO Faces €150 Million Lawsuit Over Crisis-Era Repo Deal

Scheduled for December 4 in Frankfurt, the lawsuit draws in other former employees preparing claims in the UK.

Christian Sewing
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Overview

  • Dario Schiraldi alleges the audit led by Christian Sewing mischaracterized his role in the 2008 ‘Projekt Santorini’ repo transactions and is seeking €150 million for career and reputational damage.
  • The Frankfurt Landgericht has set the trial’s opening hearing for December 4, marking a high-profile examination of the bank’s crisis-era practices.
  • Deutsche Bank asserts the internal investigation was conducted independently under regulatory rules and vows to contest what it calls unfounded compensation demands.
  • Additional former employees are preparing a multihundred-million-euro lawsuit in the UK over similar undisclosed netting operations from the 2008 financial crisis.
  • These legal challenges come as Deutsche Bank reported a €5.3 billion pre-tax profit in the first half of 2025 and hit a five-year share-price peak.