Barclays forced to reveal names of 208 staff linked to Libor-rigging

Barclays Rain 480

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.

Earlier this week it emerged the US Department of Justice had approached at least 10 Royal Bank of Scotland traders in connection with a criminal investigation into the alleged manipulation of Libor.