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LIBOR scandal: What is it and why you should care

By The Christian Science Monitor
Saturday, July 21, 2012 15:35 EDT
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File photo of Barclays chief executive Bob Diamond, via AFP
 
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LIBOR scandal: What is it and why you should care

The latest banking fraud is centered in Britain, where the financial firm Barclays will pay half a billion dollars in fines for efforts to manipulate a benchmark interest rate. Other banks must have been involved, though, and the full range of the scandal has yet to emerge. Here’s a quick look at what…

 
 
 
 
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