Barclays fund 'lowered' Libor for profit - court papers [1]
The Telegraph - 10/17/13, Harry Wilson
An internal fund run by Barclays staff is alleged to have attempted to
lower UK borrowing rates to improve its returns. Photo: Alamy
lower UK borrowing rates to improve its returns. Photo: Alamy
Court papers in Libor 'test case' reveal new details of rate rigging at Barclays
An investment fund owned and run by Barclays attempted to manipulate UK borrowing rates for its own profit, according to an internal investigation conducted by the bank cited in court papers.
More: Telegraph.co.uk [2]
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