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Home | Big banks at center of interest rate probe |
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Big banks at center of interest rate probe
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- March 12, 2012
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It affects everything from mortgages to credit cards to student loans, and now some of the world's biggest banks are at the center of a criminal investigation into whether they manipulated it for their own benefit. The London Interbank Offered Rate, or Libor, is a measure of the cost of borrowing between banks that serves as a benchmark for over $350 trillion worth of financial products worldwide.
- Read more at:http://rss.cnn.com/~r/rss/money_topstories/~3/rQOC766hmZA/index.htm
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