Daily News: January 25, 2013

FT: Barclays Top Execs Face Fresh LIBOR Heat


The Financial Times reported that email evidence presented in a London court suggests that top executives at Barclays knew that the bank was “lowballing” its submissions to the rate setting process almost a year earlier than previously disclosed.

The Times said the emails were read in court in the first British damages claim over LIBOR, which came as 104 current and former Barclays employees were publicly identified as part of the Libor litigation after losing a bid to keep their names secret.

To read the Financial Times article
click here.