The bank allegedly used complex derivative trades to hide losses at Monte Paschi. Milan — Deutsche Bank, on trial in Milan for allegedly helping Banca Monte dei Paschi di Siena conceal losses, must face accusations that it was running an international criminal organisation at the time. “Prosecutors used internal Deutsche Bank documents and e-mails to […]

Iceland’s Supreme Court has upheld convictions of market manipulation for four former executives of the failed Kaupthing bank in a landmark case that the country’s special prosecutor said showed it was possible to crack down on fraudulent bankers. Hreidar Mar Sigurdsson, Kaupthing’s former chief executive, former chairman Sigurdur Einarsson, former CEO of Kaupthing Luxembourg Magnus […]

The FCA has published its findings from its thematic review of how asset management firms control the risk of committing market abuse. The review considered how firms control the risks of insider dealing, improper disclosure and market manipulation, with a primary focus on equities and insider dealing. The review examined the key aspects of an […]

 Mark Stevenson, a bond trader, has been banned and fined £662,700 (after a 30 per cent discount) for engaging in market manipulation. On 11 October 2011, on the first day of the second round of quantitative easing in the UK, Mr Stevenson, formerly employed by Credit Suisse, bought £331 million of a UK Government gilt. […]