Live Feeds
● LIVE Updated 1h ago · 17 sources tracked

Ex-Deutsche Bank trader jailed for rigging rates has conviction overturned

Christian Bittar, a former Deutsche Bank trader, has had his conviction for rigging benchmark interest rates overturned by the Court of Appeal. Bittar was sentenced to five years and four months in 2018 for conspiring to manipulate Euribor. The Court of Appeal quashed his conviction due to a legal error. This development is a fresh blow to the Serious Fraud Office prosecutor.

🎙️

Listen to Live Briefing

Real-time synthesized voice briefing · Live Feeds Desk

⏱ ~2 min
Speed:
RSS Source map (17)
⚡ Key Developments & Real-Time Context
Text size:
  • ✓ Christian Bittar, a former Deutsche Bank trader, had his conviction for rigging benchmark interest rates overturned by the Court of Appeal.
  • ✓ Bittar was sentenced to five years and four months in 2018 for conspiring to manipulate Euribor.
  • ✓ The Court of Appeal quashed Bittar's conviction due to a legal error.
🛡️ Source Corroboration: 17 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

The Court of Appeal quashed Christian Bittar's conviction, overturning his 2018 sentence for rigging benchmark interest rates.

Live updates

  1. Ex-Deutsche Bank trader's conviction overturned

    Christian Bittar, a former Deutsche Bank trader, has had his conviction for rigging benchmark interest rates overturned by the Court of Appeal. Bittar was sentenced to five years and four months in 2018 for conspiring to manipulate Euribor. The Court of Appeal quashed his conviction due to a legal error. This development is a fresh blow to the Serious Fraud Office prosecutor.

    Why it matters

    The Euribor rate-rigging scandal involved several traders and banks. Bittar's conviction was one of several related cases. The Serious Fraud Office has faced challenges in prosecuting these cases. The overturned conviction may impact similar cases.

    What is confirmed

    • Christian Bittar, a former Deutsche Bank trader, had his conviction for rigging benchmark interest rates overturned by the Court of Appeal.
    • Bittar was sentenced to five years and four months in 2018 for conspiring to manipulate Euribor.
    • The Court of Appeal quashed Bittar's conviction due to a legal error.

    What to watch next

    • The Serious Fraud Office's potential appeal of the Court of Appeal's decision
    • The impact on similar rate-rigging cases
    • Any further developments in Bittar's case
    Sources used for this update (17)
    1. www.xe.com — Currency Converter - Currency Exchange | Xe
    2. ny1.com — Trump loses again in bid to erase his N.Y. hush money conviction
    3. blog.prepscholar.com — I.e. vs E.g. vs Ex.: Which Is Which? - PrepScholar
    4. en.wiktionary.org — ex - Wiktionary, the free dictionary
    5. usdictionary.com — Ex: Definition, Meaning, and Examples - usdictionary.com
    6. www.youtube.com — EX - YouTube
    7. Reuters — Five more UK rate-rigging convictions quashed as SFO prosecutions unravel
    8. Bloomberg.com — Ex-Barclays Traders Have Rate-Rigging Convictions Quashed by London Court
    9. www.bbc.co.uk — Ex-Deutsche Bank trader jailed for rigging rates has conviction overturned - BBC
    10. BBC — Ex-Deutsche Bank trader jailed for rigging rates has conviction overturned
    11. Financial Times — Former Deutsche Bank star trader has rate-rigging conviction quashed
    12. The Guardian — Ex-Barclays traders jailed for rigging interest rates have convictions quashed
    confidence 100%
📊

Community Sentiment: How do you assess this situation?

Voice your perspective · Real-time aggregated sentiment from the Live Feeds community