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Ex-Deutsche Bank Trader Christian Bittar Banned From Finance

  • FCA says his actions were ‘betrayal of the public interest’
  • Bittar was sentenced in July to more than 5 years in prison
Christian Bittar
Christian BittarPhotographer: Simon Dawson/Bloomberg
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Former Deutsche Bank AG trader Christian Bittar, who once pocketed a bonus of nearly 90 million pounds ($118 million), was banned from the finance industry after pleading guilty to conspiring to rig a key benchmark rate.

Bittar “lacks integrity and therefore fitness and propriety to carry out such a role,” the Financial Conduct Authority said in an emailed statement. If he hadn’t been convicted and imprisoned, the regulator said it would have sought a financial penalty of 6.5 million pounds.