LIBOR Manipulation _ It Matters

What is LIBOR and why should we care? Let’s start with the first part of the question. From Wikipedia: The London Interbank Offered Rate is the average interest rate estimated by leading banks in London that they would be charged if borrowing from other banks.[1] It is usually abbreviated to Libor (/ˈlaɪbɔr/) or LIBOR, or […]

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