Ex-Deutsche Trader Bittar Has Rate-Fixing Conviction Quashed

Markets Contact us:Provide news feedback or report an error Confidential tip?Send a tip to our reporters Site feedback:Take our Survey By Lucca de Paoli October 9, 2026 at 11:03 AM UTC Updated on October 9, 2026 at 1:46 PM UTC 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.