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4h ago

Deutsche Bank’s Sewing Faces Planned London Suit Seeking Hundreds of Millions

The planned High Court claim stems from crisis-era Monte dei Paschi dealings, with plaintiffs alleging an internal audit wrongly implicated them.

Christian Sewing ist Vorstandsvorsitzender der Deutschen Bank.
DEU, Deutschland, Germany, Allemande, Berlin, 21.07.2025 Christian Sewing , Vorstandsvorsitzender Deutsche Bank , während der Pressekonferenz zum Start der Initiative Made for Germany zum Investitionsgipfel die große Investitionen zur Ankurbelung der Wirtschaft plant, waehrend eines Treffens von Merz mit Vertretern der deutschen Wirtschaft und Industrie im Kanzleramt in Berlin, Deutschland en: Christian Sewing , Deutsche Bank CEO , during the press conference at the launch of the Made for Germany initiative planning large investments to boost the economy during a meeting of Merz with representatives of the German economy and industry at the Chancellery Office in Berlin Germany .

Overview

  • Five former Deutsche Bank employees plan to file a London High Court case in the coming weeks naming CEO Christian Sewing, former managers, and the bank as defendants.
  • The plaintiffs seek hundreds of millions of euros in damages tied to losses they say flowed from an internal review overseen by Sewing that was later used in Milan proceedings.
  • A settlement session in London earlier this month ended without agreement, clearing the path for court proceedings to begin.
  • A separate Frankfurt case by a former employee seeks about €152 million in damages from the bank, with a hearing scheduled for December.
  • Deutsche Bank calls the claims entirely unfounded and says it will defend them vigorously, noting that related criminal convictions in Italy were overturned on appeal in 2022.