The Libor scandal was a series of manipulative behaviour, alleged by financial authorities to have been fraudulent, connected to the Libor (London Inter-bank Offered Rate) along with the resulting investigation and reaction. Libor is an average interest rate calculated through submissions of interest rates by major banks across the world.
The Libor scandal was a series of manipulative behaviour, alleged by financial authorities to have been fraudulent, connected to the Libor (London Inter-bank Offered Rate) along with the resulting investigation and reaction. Libor is an average interest rate calculated through submissions of interest rates by major banks across the world.
Source: Wikipedia "Libor scandal" · CC BY-SA 4.0
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