Barclays told to hand over more emails from old bosses

Email Simon Stratford

Barclays has been told to hand over thousands more emails and other documents from its former bosses in a UK court case tied to the alleged manipulation of Libor interest rates, which will start in April.

Reuters reports that in a case being heard at London's High Court, Barclays is accused by a UK residential care home operator of mis-selling products that were based on Libor rates. The hearing will start on April 29th or 30th and is expected to last for about six weeks.

It is seen as a test case for whether the manipulation of Libor - which several banks around the world have admitted and been fined for - means deals such as interest rate hedges that were based on benchmark rates may have been mis-sold.

In a hearing on Friday to resolve issues before the case starts, judge Julian Flaux said Barclays must produce documents from several executives and traders related to a fund the bank ran. That includes emails and other correspondence from former CEO Bob Diamond and investment bank bosses Rich Ricci and Jerry del Missier.

To access the complete Reuters article hit the link below:

Barclays must hand over more ex-boss emails in Libor case

Lloyds delays dividend prospect after mis-selling charge

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