It seems like only yesterday that disgraced Barclays Bank bosses chief executive Bob Diamond and chairman Marcus Agius resigned in the wake of the Libor price fixing scandal. Barclays was fined £290m back in June after some of its derivatives traders were found to have attempted to rig this key bank rate.
Guardian Care Homes, a residential care home operator based in Wolverhampton, is suing Barclays for up to 37 million pounds over the alleged mis-selling of interest rate hedging products, which were based on Libor rates.
Barclays was told last Wednesday by a High Court judge to hand over documents, emails and other details of 42 staff involved in the setting of interest rates, as part of Britain’s first lawsuit linked to alleged Libor manipulation.
Closer to home on Eric Street innocent employees of Barclays Bank will be beavering away in the Eric Street garden known locally as the “Dog Garden”.
Some re-mediation work to mitigate the affect of potential pollutants on site has been carried out and its full steam ahead for the creation of the new Bee Garden.
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The new garden is not yet finished so when it is – click here to tell us what you think