Eighth banker has interest-rate rigging conviction quashed; five acquitted days earlier

Christian Bittar, a former Deutsche Bank trader, had his 2018 conviction for conspiracy to defraud quashed, becoming the eighth person to clear their name. This follows the acquittal of five other former bankers days earlier, signaling a judicial reversal in the LIBOR manipulation cases. The pattern of overturned convictions raises questions about the strength of the original prosecutions and may have implications for ongoing appeals.