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Ex-Deutsche Trader Bittar Has Rate-Fixing Conviction Quashed

Bloomberg Markets Friday 09 October 2026, 11:03 UTC By Lucca de Paoli 1 min read
Key Points

Ex-Deutsche Trader Bittar Has Rate-Fixing Conviction Quashed Former Deutsche Bank AG trader Christian Bittar has had his conviction over fixing benchmark interest rates quashed, despite pleading guilty more than eight years ago. Bittar, who earned the sobriquet ‘Mr. Basis Point’ for his wagers on tiny changes in short-term interest rates, served a 23-month sentence and was released in February 2020. The UK’s Court of Appeal ruled that his original conviction was unsafe, and exonerated him on...

Ex-Deutsche Trader Bittar Has Rate-Fixing Conviction Quashed Former Deutsche Bank AG trader Christian Bittar has had his conviction over fixing benchmark interest rates quashed, despite pleading guilty more than eight years ago. Bittar, who earned the sobriquet ‘Mr. Basis Point’ for his wagers on tiny changes in short-term interest rates, served a 23-month sentence and was released in February 2020. The UK’s Court of Appeal ruled that his original conviction was unsafe, and exonerated him on Friday.
Ex-Deutsche (ORG) Deutsche Bank AG (ORG) Christian Bittar (PERSON) Bittar (PERSON) UK (LOCATION) Court of Appeal (ORG)
Originally published by Bloomberg Markets Read original →

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