......could open floodgates for claims

The two scandals of interest rate swap mis-selling and Libor-rigging have been brought together in what may prove a landmark legal case brought by Graiseley Properties, owner of Guardian Care Homes, against Barclays. The trial has been set for October. The £38million claim was brought by Guardian, which said it was mis-sold interest rate swaps in 2007 and 2008 by Barclays that later caused it to lose millions of pounds when interest rates fell sharply. In June last year Barclays was fined £290 million after regulators found some of its traders had attempted to rig Libor – key to how much banks charge to lend to each other......Read more here