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Member Since 26 Jul 2012
Offline Last Active Aug 30 2012 08:53 AM

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Fsokx > Rigging the Rates – The Contagion Effect of Barclay’s Libor Scam

Posted 26 July 2012

Barclays’ recent Libor (London Inter-Bank Offer Rate) scandal has revealed the ability of big banks to fix the index or benchmark rate. Libor is the main index banks use for borrowing and lending purposes and includes a series of rates set daily by a group of international banks in London. It’s...

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