LIBOR set interest rates for trillions of dollars in loans for over 30 years. Banks manipulated the rate because it relied on estimates rather than real transactions. A new system called SOFR replaced ...
LONDON, July 9 (Reuters Breakingviews) - Remember the Bank Rate scandal of 1957? The affair, which transfixed the British public two generations ago, had extraordinary parallels with today’s Libor ...
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