Libor scandal explained and what rate-rigging means to you – USA TODAY
 USA TODAY |
Libor scandal explained and what rate-rigging means to you
USA TODAY A new scandal in the banking industry is undermining its image, already tarnished by rogue trading at JPMorgan Chase and the 2008 subprime mortgage collapse. At the heart of the scandal: manipulation of Libor, the most widely used interest rate in the … Libor Reported as Rigged in '08 Crisis Proving Revelation in '12 Fixes Are Sought in Rate Scandal Central bankers eyeing whether Libor needs scrapping |
