As Guardian Care Homes and Barclays Bank settle their dispute, those in finance are left seeking clarification

By Natalie Singh

The outcome of the Guardian Care Homes case against Barclays Bank, alleging that the bank mis-sold the private care home £70m of interest rate swaps linked to Libor, was eagerly awaited by many in finance.

It had been dubbed as a possible test case for how the English courts would determine the liability of the banks for interest rate swap mis-selling and Libor manipulation, after Barclays was previously fined £290m for rigging the rate at which banks exchange money in a separate case. But the parties have settled their dispute, partly frustrating this thirst for clarity…

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