Former Deutsche Bank trader caught-up in Libor probes sues regulator

Pointing Finger

Christian Bittar, the former Deutsche Bank trader caught-up in benchmark rigging probes, has sued the U.K. Financial Conduct Authority weeks after his former employer reached a $352m settlement over Libor.

Bloomberg News reports that Bittar is complaining he was improperly identified in a report accompanying Deutsche Bank’s settlement of the FCA case, said a person with knowledge of the situation who asked not to be named because the court documents haven’t been released. Bittar filed the case in a U.K. tribunal last week, according to a copy of the court register.

Bittar argues that he should have been given the right to respond to the FCA report over the London interbank offered rate and related benchmark rigging allegations, according to the person. 

To access the complete Bloomberg News article hit the link below:

Ex-Deutsche Bank Trader Bittar Sues FCA in Identity Dispute

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