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Explaining the Libor interest rate mess

July 4, 2012

Banking giant Barclays Capital has been rocked this past week by revelations that it manipulated Libor, a key benchmark for interest rates worldwide, for its own benefit. CEO Bob Diamond has resigned, and the scandal appears set to spread to other banks as well. But just what is Libor, and what’s this whole controversy about?Ff-G1lT9bQMRead More


From → Money

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