The Costs Of Libor Rigging

KENNETH LOVETT, New York Daily News: Business
Mon, 07/30/2012 - 9:19pm

The state may have lost up to $136 million in the scandal involving banks rigging a global interest rate benchmark known as Libor to conceal their troubles, Gov. Cuomo’s budget office estimates. Prior to the financial crisis, the state had $6 billion in transactions known as interest-rate swaps.

Topics: libor gov cuomo s rigging state

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The Costs Of Libor Rigging

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