Ex-Deutsche Bank star trader's lawyers accuse regulator

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Lawyers representing former Deutsche Bank star trader Christian Bittar on Thursday accused the UK watchdog of denying him his right of reply despite publicly 'shaming' him with scant regard to protecting his identity when fining the bank.

Reuters reports that Bittar is one of eight traders who allege they were improperly identified and prejudiced when the Financial Conduct Authority (FCA) fined a string of banks for alleged benchmark interest rate manipulation and foreign exchange market rigging.

The traders are relying in part on a Court of Appeal ruling of May that decided a former JPMorgan executive, Achilles Macris, had been improperly identified, despite not being named when the FCA fined the U.S. bank almost $217m in 2013.

To access the complete Reuters article hit the link below:

Ex star trader says UK watchdog "shamed" him in Deutsche notice

FCA deadlocked on bank compensation decision - sources

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