Ex-Deutsche Bank Employee Filed $166 Million Lawsuit in 2024 Against Deutsche Bank for Harm Caused to His Career Due to Italy Criminal Proceedings (Banca Monte dei Paschi di Siena) in Collusion with Deutsche Bank Staff to Hide Losses Using Derivatives & Misrepresenting Financial Results from 2008 to 2012, 6 Deutsche Bank Employees were Convicted in 2019 But Acquitted in 2022 & Italy Supreme Court Upheld Acquittal in 2023
16th March 2025 | Hong Kong
An ex-Deutsche Bank employee had filed a $166 million lawsuit in 2024 against Deutsche Bank for harm caused to his career due to Italy criminal proceedings (Banca Monte dei Paschi di Siena) in collusion with Deutsche Bank staff to hide losses using derivatives leading to misrepresented financial results from 2008 to 2012. 6 Deutsche Bank employees were convicted in 2019 but acquitted in 2022 & the Italy Supreme Court had upheld the acquittal in 2023. In 2024 March, the Italy government has sold 12.5% of bailout & the world’s oldest bank Banca Monte dei Paschi di Siena for $704 million (EUR 650 million) as part of divestment plan. After the sale, Italy government holds 26.7% remaining shares in Banca Monte dei Paschi di Siena. In 2023, the world’s oldest bank with history tracing to 1472 Monte dei Paschi di Siena in Italy is undergoing privatisation since the $5.7 billion (EUR 5.4 billion) European Union bailout in 2017, with Italy Ministry of Finance selecting UBS, Jefferies & Clifford Chance as financial & legal advisors. The bailout in 2017 required 64% of the bank to be sold. In 2017, the Italy government injected EUR 5.4 billion ($6.1 billion) in the bailout of Italy’s 4th-largest lender.
“ Ex-Deutsche Bank Employee Filed $166 Million Lawsuit in 2024 Against Deutsche Bank for Harm Caused to His Career Due to Italy Criminal Proceedings (Banca Monte dei Paschi di Siena) in Collusion with Deutsche Bank Staff to Hide Losses Using Derivatives & Misrepresenting Financial Results from 2008 to 2012, 6 Deutsche Bank Employees were Convicted in 2019 But Acquitted in 2022 & Italy Supreme Court Upheld Acquittal in 2023 “
Italy Government Sells 12.5% of Bailout & World’s Oldest Bank Banca Monte dei Paschi di Siena for $704 Million as Part of Divestment Plan, Italy Government Holds 26.7% Remaining Shares after Sale

30th March 2024 – The Italy government has sold 12.5% of bailout & the world’s oldest bank Banca Monte dei Paschi di Siena for $704 million (EUR 650 million) as part of divestment plan. After the sale, Italy government holds 26.7% remaining shares in Banca Monte dei Paschi di Siena. In 2017, the Italy government injected EUR 5.4 billion ($6.1 billion) in the bailout of Italy’s 4th-largest lender.
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