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Bank claim: Barclays forced to name 208 employees connected to Libor-rigging

The High Court has required Barclays to reveal the details of 208 employees at the firm who were connected to the Libor-rigging, according to the Telegraph.

It will have to provide the names to the legal team supporting care home operator Guardian Care Homes, which is suing the bank to the tune of £38 million for mis-selling complex interest rate derivatives.

Barclays had tried to argued against the forced disclosure, but Mr Justice Julian Flaux insisted that it to not reveal the names would be "unacceptable".

The bank refused to comment on the matter, saying: "It would be premature to comment on proceedings before the Judge has made his decision."

Earlier this year Barclays was fined £290 million for its role in manipulating the benchmark, causing its chief executive Robert Diamond and chairman Marcus Agius to resign.

Barclays is the only bank to have admitted complicity in the Libor rigging scandal, affecting bank claim customers, although Lloyds, RBS and HSBC are being investigated.

Amir Hussain

Amir specialises in personal loans, consumer debt and debt management.ADNFCR-2776-ID-801487686-ADNFCR



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