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.
