Barclays Plc (BARC.L), the first bank to settle with authorities over alleged manipulation of the Libor interest rate, on Monday won the dismissal of a U.S. lawsuit by shareholders who claimed they lost money because of the British bank’s activity.
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Media reports are emerging that the head of carbon trading for Barclays bank has resigned in the aftermath of the EU’s rejection of a backloading scheme that would have revived the cap-and-trade market.
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In other words: absolutely everyone who trades risk assets for a living!
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High Court judge said public confidence in justice could have been damaged
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FERCâs report claimed that over 655 trading days, Barclaysâ alleged manipulation of the electricity market cost other firms nearly 0m as its traders apparently drove power prices up and down to the benefit of derivatives positions held by the bank.
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Barclays will be forced to disclose the names of staff involved in Libor rigging, following a damning court judgment over claims it mis-sold interest rate swaps to a care home operator.
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Data about banks’ ability to borrow from each other should be kept anonymous and based solely on real transactions between financial institutions, according to Barclays, the only lender to be fined so far for attempting to manipulate Libor rates
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The Berkshire Bank, a New York lender with 11 branches, sued 21 banks including Bank of America Corp., Barclays Plc (BARC) and Citigroup Inc. (C) for damages over the alleged manipulation of the London interbank offered rate.
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A Barclays boss who resigned in disgrace over the interest rate rigging scandal has been handed a cash payoff worth almost £9million, it emerged last night.
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What is the deal with chicken? First Iran, then Mexico and now France?
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