Barclays settles second Libor-linked UK court case

LONDON (Reuters) - Barclays has settled its second lawsuit in a week that alleged the British bank had mis-sold products that were tied to Libor benchmark interest rates.
Barclays said on Friday it had reached a compromise in its proceedings with Portuguese construction and property firm Domingos Da Silva Teixeira in London's Commercial Court.
"Following discussions between the parties, a commercial resolution has been reached as to the Commercial Court proceedings," Barclays said in a statement.
No other details were released.
The Portuguese company had filed a 11.1 million euro ($15.4 million) claim of mis-selling against Barclays, and had been given permission to add allegations of Libor-rigging to the claim, the Financial Times reported.
Barclays this week also reached a settlement with a UK care home operator in what had been seen as a test case over whether customers could sue the bank for mis-selling after it was fined $450 million in 2012 for manipulating Libor rates.
Guardian Care Homes had sued Barclays for 70 million pounds, claiming that interest rate hedging products it was sold by the bank were invalid because some of the products' prices were linked to Libor rates that were rigged. Barclays said Guardian owed it the same amount, and was trying to get out of repaying its debt.
The companies did not release details of the settlement. ($1 = 0.
(Reporting by Steve Slater.
Copyright (2014) Thomson Reuters.
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11.4.14 20:56, kommentieren


Pinoy netizens back Pacquiao vs Bradley

RegionsMetro ManilaTechnologyWeatherSpecialsA Tale of 3 Disasters -- Pork Scam -- Pacquiao Punch -- Yolanda Images Gallery -- Aquino Promises -- Pork Barrel Protest -- College Wars -- Halalan 2013 -- Kampanyaserye -- San Pedro Calungsod -- Remember Martial Law -- Dolphy -- Gloria Arroyo -- Reproductive Health bill -- Jessica Sanchez -- Azkals -- CJ Corona removal -- Pacquiao Punch -- Maguindanao Massacre -- Divorce Bill -- Jesse RobredoForExP 44.42 = $ 1.00P 74.56 = £ 1.00P 0.437 = ¥ 1.00P 11.84 = SAR 1.00As of closing April 10, 2014more...
MANILA - Majority of social media users in the country are optimistic about Manny Pacquiao beating American boxer Timothy Bradley.
They noted his eagerness to reclaim his WBO welterweight title, following his controversial split-decision loss to Bradley.
Just two days before the bout, Pacquiao said he wanted a decisive win over Bradley in their highly awaited rematch in Las Vegas.
Pundits, meanwhile, were divided in their predictions, with some pointing out the "killer instinct" missing in some of Pacquiao's recent fights.
Supporters of Pacquiao expressed with great confidence that he will win the rematch.
@TVPatrol I think he'll win dis time. Some says malaking factor yung edad.
— Ayse Cyrell P.
Facebook user Elde Joy Decano Calunsag said, “Manny will win this time around with a convincing TKO.
Nilo Alce, also posted on Facebook, “Lets pray for him.. I see he’s going to win! He learned a lot from the past.
Another Facebook user, Nic Otenun, commented, “Kayang-kaya ni Pacman bawiin ang corona, wala sa kapasidad ni Bradley ang patumbahin si Pacman, puro dada lang si Bradley.
@TVPatrol Manny will win the fight..
@TVPatrol go pacquiao! Bawiin mo ang korona.
While believe that Pacquiao will win, some said he should stay alert during the fight.
@TVPatrol Mababawi ni Pacquiao ang korona kahit hindi nya mapabagsak si Bradley basta focus lang sya at wag masyadong kampante.
Meanwhile, some predicted that Bradley will win the rematch.
@mr_andy29 @TVPatrol I don't think Manny can win this fight. Takot na yan baka makatulog uli. Ang sakit kaya noon.
@TVPatrol @ABSCBNNews #TVPatrol sa palagay ko may chance si bradley na mapabagsak si pacman. dapat magretiro na si pacman.
Bradley said he will defeat Pacquiao and prove that he deserves the WBO belt he won in their last fight.
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11.4.14 20:53, kommentieren