Barclays Ordered To Name Staff For LIBOR Probe, Hester Gets Taken To Task

Stephen Hester

Barclays faces having to reveal the names of 208 staff linked to attempts by the bank to manipulate Libor at a London High Court hearing.

The Daily Telegraph reports that lawyers for Barclays will on Wednesday disclose the names after a High Court judge ordered the bank to hand them to the legal team of a care home operator that is suing the bank for mis-selling it complex interest rate derivatives.

In the meantime, ITV reports that the incoming Archbishop of Canterbury has taken one of the country's most senior bankers to task over his industry's social role.

Justin Welby accused Royal Bank of Scotland boss Stephen Hester of resorting to 'motherhood and apple pie' responses as he grilled him on the financial giant's 'duty to society'.

The exchanges came as Hester and other bank chiefs gave evidence to the parliamentary commission on banking standards.

Finally, The Financial Times reports that Standard Chartered this week flew 20 of its top shareholders to Beijing for a three-day immersion into the intricacies of the bank’s operations in China and elsewhere. The roadshow was an attempt to kick-start the firm's share price.

Judge orders Barclays to reveal names of 208 staff linked to Libor probe

Incoming Archbishop challenges banks on 'duty'

StanChart tries to kick-start share price (subscriber content)

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