Libor Scandal Has Worldwide Consequences

Monday, Jul. 9, 2012

The scandal over manipulation of the London Interbank Offered Rate won't end in London, as investigators worldwide look into the matter, according to The Economist. "As many as 20 big banks have been named in various investigations or lawsuits alleging that LIBOR was rigged," this unbylined article says. "The scandal also corrodes further what little remains of public trust in banks and those who run them."

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