Deutsche Bank denies training bankers to manipulate markets
Deutsche Bank has rejected claims that it trained employees to engage in market manipulation, following allegations from a former trader convicted of fraud who says the bank taught him an illegal trading strategy.
James Vorley, a former London-based commodities trader at Deutsche Bank, is suing the lender for £12 million in London's High Court. He alleges that more senior bank employees instructed him to trade in a way that ultimately led to his criminal prosecution in the United States.
Vorley, who has consistently maintained his innocence, was found guilty of wire fraud in federal court in Illinois in 2020 and sentenced to 12 months and 1 day in prison for spoofing the gold and silver futures markets between 2008 and 2013.
Spoofing involves placing and rapidly canceling buy and sell orders to create a false impression of market demand. The practice was made illegal under the 2010 Dodd-Frank Act in the United States.
The lawsuit highlights Deutsche Bank's continued difficulty resolving longstanding legal matters, even as management has spent years rebuilding the bank's reputation and has paid substantial settlements and penalties.
US Regulator Sues New York State for Prediction Markets Crackdown
HSBC has recorded a $400 million charge described as "fraud-related," stemming from its exposure to collapsed UK mortgage lender Market Financial Solutions. The charge weighed on the bank's quarterly profits and pushed its share price down more than 7 percent.
The bank disclosed that it had "indirect exposure" through a financial sponsor, which sources familiar with the matter identified as Atlas SP, the asset-backed lending unit of Apollo.
Banks commonly extend financing to private credit firms through lines of credit, referred to in the industry as back leverage. These arrangements give banks indirect exposure to the borrowers of private credit firms and have drawn increasing scrutiny from regulators seeking to map the connections between traditional banking and private credit.
According to insolvency documents, Atlas SP held £1 billion in debt across two of Market Financial Solutions' lending vehicles. The firm has said its net economic exposure amounts to £400 million, a figure that one source said reflects risk transferred to other parties.
A $400 million loss would rank HSBC among the lenders most severely affected by the collapse of Market Financial Solutions. Both Apollo and HSBC declined to comment.
National Bank fines four non-bank firms for AML reporting breaches
The National Bank of Ukraine imposed enforcement actions against four non-bank financial institutions in April 2026 for violations of legislation on the prevention and counteraction of money laundering.
Three limited liability companies — VFS Ukraine, Tormes-Capital, and FK Capital-Dnipro — were each fined 51,000 hryvnias for violations in the submission of statistical reporting and for failing to deliver financial monitoring reports to the National Bank within prescribed deadlines.
A fourth company, Dila Lombard, received a written warning after failing to submit financial monitoring reporting to the NBU on time.
The National Bank had previously taken enforcement action in March of this year, fining one bank and five non-bank financial institutions for violations in the field of financial monitoring.
