Alleged LIBOR riggers lose anonymity bid

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More than 100 current and former employees of Barclays have lost their fight for their identities to be concealed in an upcoming court case centred on the alleged rigging of the LIBOR interest rate.

The bankers had asked for anonymity during pre-trial hearings, but a High Court judge said identifying the accused was in the public interest, the Guardian reports. The case follows allegations from more than a dozen care home bosses, who say Barclays sold financial products based on the key London inter-bank lending rate. Lawyers have suggested the litigation could prove to be a "test case" for future LIBOR-related grievances aimed at Barclays. Barclays, which was fined £290m by the Financial Services Authority in June last year for "misconduct and wrongdoing" in relation to manip...

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