Ex-Trader Suing Deutsche Bank Wants £500 Million in Paschi Case

Ex-Deutsche Bank AG executive Michele Faissola is seeking as much as £500 million ($669 million) in his UK lawsuit over allegations the lender caused irreparable harm to his career, according to people familiar with the matter.

The German bank said in its annual report published earlier this month that four ex-employees that have sued in English courts are seeking more than a total of £600 million over the Banca Monte dei Paschi di Siena SpA accounting scandal. Faissola’s compensation claim would account for the vast majority of the total sought by the quartet.