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The Libor Scandal...
| Good [+1]Toggle ReplyLink» basdini replied on Thu Jul 5, 2012 @ 1:10pm |
 Coolness: 145180 | anybody know anything about this, I keep hearing about it...?
[ uk.finance.yahoo.com ] 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 (play /ˈlaɪbɔr/) or LIBOR, or more officially to BBA Libor (for British Bankers' Association Libor) or the trademark bbalibor. It is a benchmark, along with the Euribor, for interest rates all around the world.[2][3] Libor rates are calculated for different lending periods: overnight, one week, one month, two months, six months, etc., and published daily at 11:00 by the British Bankers' Association.[4] Many financial institutions, mortgage lenders and credit card agencies set their own rates relative to (and typically higher than) Libor. from: [ en.wikipedia.org ] |
| I'm feeling surly right now.. | |
The Libor Scandal...
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