Deutsche Bank Ex-Employees Seek $1 Billion Over Paschi Case

Deutsche Bank AG faces almost $1 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.

Four ex-employees who have filed claims in English courts are seeking over £600 million ($800 million) in damages for alleged harm caused to their careers, the German lender said in its annual report, published Thursday.