Trader Who Made $1 Billion in Single Bet Sues Deutsche Bank
- Mark Spehn brings discrimination, whistleblowing claim
- Deutsche Bank said it plans to defend London employment suit
A former trader on Deutsche Bank’s distressed credit desk, known for helping the German lender net nearly $1 billion in profit from a single trade, is taking legal action against the bank over his termination last summer.
Mark Spehn, 39, has filed a suit against Deutsche Bank in a London employment tribunal, according to a court filing. The trader, who was a notable moneymaker for the bank’s Distressed Product Group, is suing for disability discrimination and bringing a whistleblowing claim, the document from 2024 shows.
