09:20 AM EDT, 05/05/2026 (MT Newswires) -- Deutsche Bank (DBK.F) rejected a former London-based commodities trader's claims that it trained bankers to manipulate the market, saying it will defend itself against the lawsuit.

"The bank had, and still has, a very clear market conduct policy which was made clear to employees at the time, and which warned that market manipulation is illegal as well as against bank policy,"Deutsche Bank said in an emailed statement to MT Newswires on Tuesday.

James Vorley, who was convicted of wire fraud by a Chicago federal jury in 2020, is suing the lender for 12 million pounds sterling after he was allegedly told to "trade in a manner that, unknown to him, exposed him to civil and criminal proceedings in the US"during his time at Deutsche Bank, the Financial Times reported, citing court filings.