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Ex-Deutsche Bank Trader Bittar Wins Identity Suit With FCA

  • Bittar could be identified in FCA Libor Notice, judge says
  • FCA faces at least eight other lawsuits over identity issues
Updated on

A London judge ruled former Deutsche Bank AG trader Christian Bittar was improperly identified in a regulatory sanction notice against the bank over Libor in a significant setback for the Financial Conduct Authority.

Bittar, who still faces a 10-million pound ($15 million) fine, had the right to review the FCA’s settlement with Deutsche Bank for manipulating interest-rate benchmarks before it was published, because his identity could be determined in the report, Judge Timothy Herrington said in a judgment published on the court website Tuesday.