• 06 Dec 2013 at 2:06 PM

Bob Diamond To Have A Little Chat Re: Libor

Former Barclays boss Bob Diamond and other past executives at the British bank are set to be called as witnesses next year in a court case relating to the alleged manipulation of Libor interest rates. Barclays is being sued for up to 70 million pounds ($114 million) by Guardian Care Homes, a UK residential care home operator, which alleges the bank mis-sold it interest rate hedging products that were based on Libor…A UK judge on Friday refused Barclays’ attempts to adjourn the trial, which is due to start in April. [Reuters]

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Comments (9)

  1. Posted by Javier Gonzalez, PhD | January 2, 2014 at 7:38 PM

    Why is Bob Diamond still in the news? He should be in jail for good measure, but well, I guess he is in the news, he will testify about Libor and then get on with his life.

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