Barclays Employees Anonymity Request Denied, Deutsche Under Fire

Barclays Canary Wharf

A group of Barclays employees had a request to prevent their names from being published ahead of the U.K.’s first trial related to manipulation of the London interbank offered rate rejected by a judge.

'I simply do not see that there is any sufficient case of prejudice' to the trial, Judge Julian Flaux said in dismissing the request yesterday.

Bloomberg reports that affiliates of Guardian Care Homes Ltd. sued Barclays over an interest-rate swap tied to Libor and argued the benchmark was manipulated.

The swap resulted in a loss for the Wolverhampton, England-based Guardian and Barclays was ordered to give the company’s lawyers the identities and e-mails of bank staff that were included in disclosures to British and American regulators during a probe into interest-rate manipulation.

In the meantime, Reuters reports that food campaigners criticised Deutsche Bank for abandoning a moratorium on trading new commodities products, arguing that financial speculators continue to cause price rises for vital foods.

'The biggest losers will be the poorest people on low income. They will be facing even more volatile and higher food prices', said Heidi Chow, campaigner with London-based anti-poverty group the World Development Movement (WDM).

Barclays Workers’ Push for Libor Case Anonymity Rejected

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