(March 12): Deutsche Bank AG faces almost US$1 billion (RM3.92 billion) in combined claims from five former managers who say they were wrongfully blamed for the Banca Monte dei Paschi di Siena SpA accounting scandal. The cases against Deutsche Bank are the latest instances of former bank executives seeking damages after courts in Europe overturned previous convictions going back as much as a decade. A lawsuit by a sixth former employee, Michele Foresti, has been settled, Deutsche Bank said last month, without giving details. Deutsche Bank said at the time it was “pleased” with the court’s decision and that it had always firmly believed the bank’s individuals were innocent. The group suing Deutsche Bank in the UK includes Michele Faissola, former head of asset and wealth management, and Ivor Scott Dunbar, ex co-head of global capital markets.

Source: The Edge Markets March 12, 2026 10:40 UTC