Barclays loses attempt to stop Libor 'swaps' trial

Sam Coates, Banking Editor at The Times, has been at the High Court today:

446b45a86d7077a0cc85ded4472500d9_normal

Barclays loses court attempt to stop full trial on selling Libor based swaps products - when they were manipulating Libor

446b45a86d7077a0cc85ded4472500d9_normal

Judge calls Barclays arguments "shadow boxing" and used "wholly artificial" at points. Now bank will be asked to name who knew what on Libor

Advertisement

Barclays' Libor 'swaps' trial

Barclays is to face a full trial on 'swaps' based on Libor rates. A Wolverhampton-based care home operator will take on the banking giant in a landmark case at the High Court over claims it was mis-sold complex financial products.