Today news
About the same in other media
Libor is dead. Now 100s of experts must reinvent themselves
Reading now: 418
fnlondon.comNearly a decade ago, an army of bankers, lawyers and traders ditched their regular day jobs to become experts on Libor — the London Interbank Offered Rate.
Libor was seemingly an innocuous estimate of what banks would charge to borrow from one another. However, it was plagued by scandal. In 2012, some of the world’s largest banks were found to have manipulated the rate, submitting artificially high or low quotes to move Libor. Only a couple of people were ever punished, including Tom Hayes, who asserts he has been made a scapegoat...
Read more on fnlondon.comAbout this in other media
Best Crypto to Buy Now 18 July – FLEX Coin, Chainlink, Sui cryptonews.com /1 year ago
Bitcoin Price Prediction as BTC Rests on $30,000 Support – Where is BTC Heading Now? cryptonews.com /1 year ago
Best Crypto to Buy Now 17 July – 1NCH, Algorand, Uniswap cryptonews.com /1 year ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
