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View Full Version : Barclays forced to reveal names of 208 staff linked to Libor-rigging



Martin@AS Financial
14th November 2012, 11:34
This follows on from earlier in the week when the Times reported that US authorites have approached at least 10 RBS traders regarding the manipulation of the LIBOR rate.

(Taken from Mortgage Strategy)

A High Court judge has forced Barclays to reveal the names of 208 staff linked to attempts to manipulate Libor.

The bank will today hand over the names to the legal team of a care home operator, Guardian Care Homes, that is suing the bank for £38m for misselling it complex interest rate derivatives following the ruling of a High Court judge, according to the Telegraph.

Barclays had argued against the need to disclose the names, according to the newspaper, but Mr Justice Julian Flaux said on Tuesday that it was “unacceptable” to deny access to the names.

In June, Barclays was fined £290m for rigging the financial benchmark, leading to the resignation of its chairman Marcus Agius and chief executive Bob Diamond.

AtW
14th November 2012, 11:44
You are doing a good job Martin, but you'd get a lot more replies if you make controversial comments in italics in text as people read, also it's a good idea to provide exact source URL from where you've taken the text.

HTH

Martin@AS Financial
14th November 2012, 11:54
You are doing a good job Martin, but you'd get a lot more replies if you make controversial comments in italics in text as people read, also it's a good idea to provide exact source URL from where you've taken the text.

HTH

Cheers ATW - taken from Barclays forced to reveal names of 208 staff linked to Libor-rigging | News | Mortgage Strategy (http://www.mortgagestrategy.co.uk/latest-news/barclays-forced-to-reveal-names-of-208-staff-linked-to-libor-rigging/1061455.article)

To be honest - if they are found guilty of fiddling LIBOR, then this has to be treated as a serious criminal investigation as it will have had a huge and adverse impact on household expenditure.

AtW
14th November 2012, 11:56
Cheers ATW - taken from Barclays forced to reveal names of 208 staff linked to Libor-rigging | News | Mortgage Strategy (http://www.mortgagestrategy.co.uk/latest-news/barclays-forced-to-reveal-names-of-208-staff-linked-to-libor-rigging/1061455.article)

To be honest - if they are found guilty of fiddling LIBOR, then this has to be treated as a serious criminal investigation as it will have had a huge and adverse impact on household expenditure.

And don't you dare to misspell my name - I am very case sensitive! :mad

northernladuk
14th November 2012, 11:57
You are doing a good job Martin, but you'd get a lot more replies if you make controversial comments in italics in text as people read, also it's a good idea to provide exact source URL from where you've taken the text.

HTH

Erm... isn't that bold, not italics... Just saying like....