BIZBBC NewsFRI 09 OCT 2026 / 9:36 AM CDT

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

Another former banker sentenced in one of the biggest scandals of the financial crisis has had his conviction overturned following a long-running legal battle.

The Court of Appeal has quashed the conviction of Christian Bittar, a former Deutsche Bank trader who went to prison in 2018 for "manipulating" the benchmark interest rate, Euribor.

It comes after the same UK court overturned five convictions of ex-Barclays bankers in the rate rigging trials earlier this week.

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Burnham promises to curb non-compete rules in job contracts

Andy Burnham has promised to curb companies' ability to restrict what their workers can do after leaving their job. In a speech, the prime minister said the use of non-compete clauses in employment contracts had "gone too far" and was holding innovative UK companies back. He added the clauses had forced workers to go without pay after leaving a role, as well as making it harder for growing firms to hire new staff.

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

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