Full Breakdown
Deutsche Bank Settles Long-Running Dispute with Ex-Manager Dario Schiraldi
9/7/2026, 9:59:07 PM
Core Event
Deutsche Bank AG announced that it has settled the lawsuit filed by former asset-and-wealth-management manager Dario Schiraldi. The Frankfurt court confirmed Schiraldi’s withdrawal of the case, and the bank disclosed that the settlement will have a “small” effect on its third-quarter earnings. No financial terms were released.
Background & Context
Schiraldi sued the bank in Frankfurt in 2024, seeking roughly €152 million (about $177 million) in damages. He alleged that Deutsche Bank had damaged his career by wrongly blaming him in the Monte dei Paschi accounting affair. The dispute traces back to a 2013 audit of repo deals between Deutsche Bank and Italy’s Monte dei Paschi, which was overseen by then-CEO Christian Sewing. Six former Deutsche Bank employees, including Schiraldi, were convicted in Italy in 2019 over the scandal, but a Milan appeals court fully acquitted them in 2022.
Key Figures & Groups
- Dario Schiraldi – former manager in Deutsche Bank’s asset and wealth management division, plaintiff in the settlement.
- Christian Sewing – Chief Executive Officer of Deutsche Bank, who led the 2013 audit report.
- Michele Foresti – former Deutsche Bank employee who settled a separate dispute with the bank earlier in the year.
- Michele Faissola – former head of asset and wealth management, currently pursuing a £500 million claim in a London court.
Data & Statistics
- Schiraldi’s original claim: approximately €152 million ($177 million).
- Four related lawsuits remain pending in London, collectively seeking at least £664 million ($899 million).
- The settlement’s impact on Deutsche Bank’s earnings is described as “small” by the bank’s spokesperson.
Official Statements & Responses
Deutsche Bank’s spokesperson confirmed the settlement and emphasized that the undisclosed terms would not materially affect the bank’s financial results. The bank did not provide further comment, and Schiraldi’s legal representatives did not respond to requests for comment.
