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Deutsche Bank and former banker settle $176 million Frankfurt lawsuit for undisclosed sum

Source: reuters.com

Legal & LitigationBanking & Liquidity
Deutsche Bank and former banker settle $176 million Frankfurt lawsuit for undisclosed sum

Deutsche Bank settled a Frankfurt lawsuit brought by a former banker seeking €152 million ($176.62 million) in damages. The bank did not disclose settlement terms, limiting the ability to assess any financial impact; resolution removes a notable litigation overhang.

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