£1m Bail Security For Euribor Accused Trader

A former senior trader at Deutsche Bank has been ordered to pay £1m bail security after being accused of involvement in Euribor rate rigging. Christian Bittar, 44, appeared at Westminster Magistrates' Court. The accused – six from Deutsche Bank, four from Barclays and one from Societe Generale – are the first to face criminal proceedings as result of an investigation by the Serious Fraud Office (SFO) into the alleged manipulation of the Euro Interbank Offered Rate (Euribor).