London court quashes rate-rigging conviction of ex-Deutsche Bank trader Bittar

LONDON: Christian Bittar, a former star Deutsche Bank trader jailed in Britain for conspiring to rig benchmark interest rates, won an appeal to clear his name on Friday in a fresh blow to the Serious Fraud Office prosecutor. Bittar was sentenced to five years and four months after pleading guilty in 2018 to rigging Euribor, the Euro interbank offered rate, which helps determine rates on trillions of dollars of financial contracts and loans worldwide. But ⁠London’s Court of ⁠Appeal on Friday q