Bloomberg News

A former senior Deutsche Bank AG operations executive alleged in a lawsuit that he was illegally fired over a concocted racial bias complaint after he raised concerns that the bank was lying to US regulators.

Noah Ramos filed suit Monday in New York state court. He claims that, shortly after he was made head of Americas operations for Deutsche Bank Securities in October 2023, he learned that the company’s lending business had improperly accrued $173 million in receivables due to “a lack of operational controls and general negligence in operations.”

Ramos says he reported the matter to more senior bank ...

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