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Ex-Deutsche Bank trader Christian Bittar has conviction overturned
Key Takeaways
- Christian Bittar's 2018 conviction for rate rigging was quashed by the UK Court of Appeal.
- The ruling follows similar successful appeals by former Barclays bankers earlier in the week.
- Out of 19 original convictions from the post-financial crisis trials, 18 have now been overturned.
- Pressure is mounting on the Bank of England and Treasury to release all records related to the scandal.
The UK Court of Appeal has quashed the conviction of Christian Bittar, a former Deutsche Bank trader jailed in 2018 for manipulating the Euribor interest rate benchmark. This decision follows recent appellate rulings overturning the convictions of several other former bankers involved in the post-financial crisis rate-rigging scandals.
Out of 19 City traders originally convicted in the UK and US between 2015 and 2019, 18 have now been acquitted, leaving only one remaining conviction. The latest development has intensified calls from lawyers and politicians for the Bank of England and Treasury to release records regarding their roles during the crisis.
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