Ex-Deutsche Bank Manager Sues Bank for at Least $624 Million

A former Deutsche Bank AG manager who says he was wrongfully blamed for the Banca Monte dei Paschi di Siena SpA accounting scandal has sued the German lender in a London court for at least £473 million ($624 million) in damages.

Michele Faissola, the former head of Deutsche Bank’s asset and wealth management business, as well as other ex-employees are suing the bank for at least £664 million in total, according to the filing seen by Bloomberg.