A British judge forced Barclays to identify top executives alongside traders linked to a probe into rate fixing, naming ex CEOs Bob Diamond and John Varley and current Finance Director Chris Lucas on Thursday despite requests for anonymity.
The names were unveiled in a preliminary hearing for a case brought against Barclays by a residential care home operator which alleges it was mis-sold interest rate hedging products, which were based on Libor rates.
Barclays was the first bank to be punished over the Libor scandal, in which global lenders colluded to manipulate benchmark interest rates. It agreed to a fine of $453 million from U.S. and UK authorities and its then chief executive Bob Diamond left the bank following the controversy.
In the first British claim for damages, Guardian Care Homes is suing Barclays for 37 million pounds. It is seen as a test case for interest rate swaps misselling, and is also set to shine a light on people involved in the bank's manipulation of Libor and how the rate setting process was conducted.
Read more: UK court forces Barclays to reveal staff on Libor list - South Florida Sun-Sentinel.com
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