Barclays staff in Libor probe named in court

Tim Wallace
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EMAILS from Barclays’ former top bosses including Bob Diamond were passed to regulators as part of the Libor fixing investigation, a court revealed yesterday, after a bid by those listed to remain anonymous failed.

A total of 106 staff and former employees had wanted to go un-named, including 25 people identified in the regulatory filing.

Among those listed were ex-chief executives Bob Diamond and John Varley, former operations chief Jerry Del Missier, current finance director Chris Lucas and investment bank boss Rich Ricci. New York fixed income boss Harry Harrison, fixed income global boss Eric Bommensath, former swaps trader Ryan Reich and ex-trading desk head Ritankar Pal were also named.

“It does not follow that the people implicated in the regulatory finding are personally implicated. Others are simply those whose emails were handed over to the regulatory authorities,” said the judge, in a case which sees Guardian Care Homes claim Barclays missold an interest rate swap.

“This started as an alleged misselling case which the bank considers has no merit. The addition of a claim based on what happened with Libor does not change the bank’s view,” said Barclays.

Meanwhile new chief executive Antony Jenkins vowed not to close down the investment banking arm.

He is reviewing the bank’s operations in the wake of the scandal, and is set to cut 2,000 investment bank jobs. But that does not amount to a scaling back of its ambitions, he said: “Barclays is a universal bank today, it will continue to be a universal bank, and it will continue to have very very significant, large investment bank.”