Deutsche Bank settles lawsuit with former banker
Deutsche Bank has reached an undisclosed settlement with a former employee over a multimillion dollar damages claim. The banker had sought damages related to 2008 Monte dei Paschi trades. Four similar lawsuits remain pending in London.
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Deutsche Bank settled a €152 million ($176.62 million) damages claim with a former banker on Monday ahead of a Frankfurt trial. The dispute stems from 2008 transactions involving Monte dei Paschi di Siena in Italy. The settlement marks the second resolution out of six similar lawsuits filed against Germany's largest lender.
