Tag: Big Banks

The Dark Heart of the Libor Scandal

By Mark Vorpahl Though, for most, the London Interbank Offer Rate (Libor) interest rate fixing scandal appears distant and far too complex to understand, its potential consequences may be as economically devastating as a world war. Accountingdegree.net has created a fantastic infographic explaining the gist of the scandal. The Libor is used to set payments…