Deutsche Bank Aktiengesellschaft (DB.US) CEO Christian Sewing will face a lawsuit involving millions of dollars.

According to foreign media citing court documents, Deutsche Bank Aktiengesellschaft (DB.US) CEO Christian Sewing will face a lawsuit with claims amounting to millions of dollars, filed by former employees of the bank. These former employees allege that Sewing led an internal audit of derivative transactions that was severely flawed. The lawsuit is led by former senior banker Dario Schiraldi from Deutsche Bank Aktiengesellschaft, along with other former employees, who are seeking compensation of up to 152 million euros (approximately 178 million dollars) due to loss of income and reputation. Reports indicate that Schiraldi and five other former bankers from Deutsche Bank Aktiengesellschaft were convicted by an Italian court in 2019, but the verdict was overturned in 2022 and the six individuals were ultimately acquitted. The lawsuit documents point out that the management of Deutsche Bank Aktiengesellschaft, represented by then Chief Audit Officer Sewing, tried to conceal their tacit approval of "high-yield but high-risk transactions," while shifting all responsibilities related to the transactions onto frontline bankers.