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Deutsche Bank AG settles lawsuit with former employee Dario Schiraldi over reputational damages

Deutsche Bank AG settled a lawsuit filed by former employee Dario Schiraldi regarding reputational damages following a 2019 conviction connected to Monte dei Paschi. Schiraldi sought €152 million in damages, alleging that the bank mishandled his case.

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Although Schiraldi was acquitted on appeal in 2022, the bank resolved the legal dispute to move past legacy issues. Deutsche Bank AG stated that the settlement will have a minimal impact on its upcoming quarterly results. The bank currently maintains a dividend yield of 2.81% with a low payout ratio of 29%. While the bank's stock is currently trading at a premium relative to its intrinsic value, it has shown strong momentum in recent price trends. The bank operates as a global universal bank offering corporate, retail, investment banking, and asset management services.

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