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Ten questions to be answered on ‘Liborgate’
1) What are Libor and Euribor? Libor, the London Interbank Offered Rate, is the rate at which banks borrow money from each other across 10 major currencies and 15 borrowing periods, ranging from...
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Does Diamond’s Exit Set a Precedent?
Financial News’s Matt Turner files this dispatch about the impact Barclays CEO Bob Diamond’s resignation could have on the ongoing Libor investigation. If it is the case that Barclays was thrust into...
View ArticleFinancial News: U.K. Committee Calls for M&A Powers for PRA
Vivek Ahuja Of FINANCIAL NEWS An influential U.K. parliamentary body has called on the government to hand the Prudential Regulatory Authority, which is set to replace the Financial Services Authority...
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