MILAN, March 13 Deutsche Bank said on
Wednesday damage claims filed by Italy's Monte dei Paschi di
Siena over a derivative trade were "entirely without
merit", vowing to defend itself vigourously.
A judicial source told Reuters last week the world's oldest
bank was seeking at least 500 million euros in damages from
Deutsche Bank and two former Monte dei Paschi executives over a
loss-making 2008 trade known as "Santorini".
"We will defend ourselves vigourously against any claims for
damages made by the client before the Tribunal of Florence,"
Deutsche Bank said in a statement.
(Reporting By Silvia Aloisi; Editing by Lisa Jucca)