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

What happened: The Court of Appeal quashed the 2018 conviction of Christian Bittar, a former Deutsche Bank trader jailed over manipulating the Euribor benchmark rate. It follows the same court overturning five convictions of ex-Barclays bankers this week. Key numbers: Bittar was jailed in 2018. Why it matters: Only one former trader, Peter Johnson, remains convicted, and he has applied to appeal. Lawyers and politicians are pressing the Bank of England and the Treasury to release records on their roles in rate rigging during the financial crisis.

The Court of Appeal quashed the 2018 conviction of Christian Bittar, a former Deutsche Bank trader jailed over manipulating the Euribor benchmark rate. It follows the same court overturning five convictions of ex-Barclays bankers this week.

Only one former trader, Peter Johnson, remains convicted, and he has applied to appeal. Lawyers and politicians are pressing the Bank of England and the Treasury to release records on their roles in rate rigging during the financial crisis.