What is Libor and Why Should You Care?

So, you heard that Barclays was accused of fixing Libor rates.

 

120715 Barclays-Fixed-Rates 

What is Libor and Why Should You Care?

 

 

 

Barclays was fined $450 million and its chief operating officer, CEO, and Chairman all resigned.

It looks like this scandal is about to get bigger. In the meantime, here is a spoof of a recent Barclays ad.

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