Banking giant Barclays Capital has been rocked this past week by revelations that it manipulated Libor, a key benchmark for interest rates worldwide, for its own benefit. CEO Bob Diamond has resigned, and the scandal appears set to spread to other banks as well. But just what is Libor, and what’s this whole controversy about?
Explaining the Libor interest rate mess
rss.cnn.com/~r/rss/money_mostpopular/~3/ZWMJqirCRLg/index.htm
rss.cnn.com/rss/money_mostpopular.rss
Financial news of the day – CNNMoney.com
From CNN and Money magazine, CNNMoney.com combines business news and in-depth market analysis with practical advice and answers to personal finance questions.
Financial news of the day – CNNMoney.com
1