Category: LIBOR

Interest Rate Swap Mis-selling: Do You Still Have a Claim in 2026?

Interest Rate Swap Mis-selling: Do You Still Have a Claim in 2026?

Thousands of UK businesses were mis-sold complex interest rate hedging products (IRHPs) by major banks between 2001 and 2012. While the FCA’s formal review scheme has closed, significant routes to redress remain open in 2026, particularly for victims of hidden swaps, LIBOR manipulation, and professional negligence. This article explains who can still claim, why time is critical, and what a specialist solicitor can recover for you.

LIBOR, FX and Key Benchmark Rigging Claims against RBS, Barclays, HSBC & Lloyds set to Strengthen for Customers Mis-sold Derivatives

The door has been opened by the Court of Appeal in PAG v RBS [2018] for misrepresentation claims to be brought by a counter-party to a derivative which…

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Property Alliance Group v RBS [2018]: Court of Appeal Opens the Door for Implied Misrepresentation Claims against Banks Mis-selling LIBOR-linked Derivatives

The Court of Appeal (Sir Terence Etherton MR, Longmore LJ and Newey LJ) handed down judgment in the highly anticipated appeal from Asplin J’s decision in Property Alliance…

Barclays’ appeal in ‘LIBOR test case’ dismissed by Court of Appeal

The Court of Appeal dismissed Barclays’ appeal in the ‘LIBOR test case’ (Graiseley v Barclays), allowing claims that banks made fraudulent implied representations regarding LIBOR’s honesty to proceed to trial. The judgment rejects Barclays’ argument that there is no cause of action for failing to disclose dishonesty. The court held that banks proposing LIBOR-based transactions arguably represented the rate’s integrity. This ruling opens the door for LIBOR manipulation claims to be tried in court.

dark and secretive aspects of LIBOR manipulation at RBS, aiming to convey the sense of illicit activity, cultural failures, and the impact of the fine

RBS fined for LIBOR Manipulation; will lead to increased LIBOR Litigation

RBS was fined £87.5 million by the Financial Services Authority for manipulating the London Interbank Offered Rate (LIBOR), a key interest rate affecting trillions in derivatives contracts. This fraudulent activity, dating back to at least 2006, involved traders adjusting rates to benefit trading positions, causing losses to counterparties. This highlights serious cultural and oversight failures at RBS and other banks and will trigger increased LIBOR-related litigation.

Libor Fraud UK Litigation Solicitors

Graiseley Properties Ltd (Guardian Care Homes) v Barclays Bank PLC – LIBOR Manipulation Test Case

This landmark case involves claims by Graiseley Properties and Guardian Care Homes against Barclays Bank, alleging mis-selling of interest rate derivatives linked to LIBOR manipulation. It was the first English court case to address alleged fraudulent misrepresentation by Barclays related to LIBOR fixing. The case established precedents on implied misrepresentation and involved extensive evidence, including senior Barclays management. Legal experts are available to advise clients affected by such financial product mis-selling.

The Manipulation of LIBOR by the Banks and the Impact on Interest Rate Swap Mis-selling Claims

Barclays Bank was fined for manipulating LIBOR, impacting many UK small businesses sold complex interest rate derivatives on misleading terms. Banks implied LIBOR rates would be fair, but this was untrue, affecting the validity of these contracts. Businesses may seek contract termination or damages. Contact Lexlaw for expert evaluation and legal support on your claim.