Christian Bittar has conviction for rigging interest rates quashed
News Source
β’Fri, 09 Oct 2026 15:59:38 GMT
π° What Happened
A former banker named Christian Bittar has had his conviction cancelled. He was jailed in 2018 for rigging interest rates.
He is the eighth person cleared in this case. Five others were cleared just a few days earlier. Bittar said he had waited a very long time for this day. He thanked those who stood by him.
π The Backstory
Bittar worked for Deutsche Bank. He and others were jailed for changing key interest rates called Libor and Euribor.
These rates affect pensions, mortgages and savings for ordinary people. Last year, the UK Supreme Court cleared two other traders, opening the door for more appeals. Bittar spent years trying to clear his name.
π― Why It Matters
These rates touch everyone's loans and savings. The rulings show how hard it is to prove financial crimes fairly in court.
A former banker named Christian Bittar has had his conviction cancelled. He was jailed in 2018 for rigging interest rates.
He is the eighth person cleared in this case. Five others were cleared just a few days earlier. Bittar said he had waited a very long time for this day. He thanked those who stood by him.
Bittar worked for Deutsche Bank. He and others were jailed for changing key interest rates called Libor and Euribor.
These rates affect pensions, mortgages and savings for ordinary people. Last year, the UK Supreme Court cleared two other traders, opening the door for more appeals. Bittar spent years trying to clear his name.
These rates touch everyone's loans and savings. The rulings show how hard it is to prove financial crimes fairly in court.