A settlement, meaning a negotiated payment that closes a dispute without a court deciding the underlying facts, has resolved Deutsche Bank's civil conflict with former executive Dario Schiraldi. The German lender agreed to pay €152 million.
Here is the sequence. Schiraldi was one of six bankers convicted over trades connected to Monte dei Paschi di Siena. The convictions did not hold. All six were later acquitted. After those acquittals, Schiraldi brought a lawsuit against Deutsche Bank. The settlement of €152 million is where it ended.
A criminal case and a civil lawsuit are distinct. The criminal proceedings delivered convictions under a high standard of proof, and those convictions were later overturned. The civil lawsuit Schiraldi brought worked under a lower standard and sought financial compensation rather than a finding of guilt. The acquittal cleared Schiraldi in the criminal matter. The settlement closes the civil one.
What a settlement produces is a number, not a court ruling. Both parties agree to a figure, the case ends, and no judge decides who was right on the underlying facts. The Monte dei Paschi di Siena trades that drew Schiraldi and five other bankers into criminal court remain a matter of that earlier record. The settlement between Deutsche Bank and Dario Schiraldi is €152 million.