In the News
Deutsche fined again over LIBOR rigging
26th October 2017
The rigging of interest rates is a cause of financial market failure. Deutsche Bank has been fined again over their involvement in the LIBOR scandal.
The new fine will be paid to 45 US states after the investigation found that Germany's largest lender manipulated inter-bank lending rates.
Libor is the interest rate at which banks lend money to each other and it sets a benchmark for mortgages and loans for regular customers
Deutsche to pay $220m over Libor probe https://t.co/Ce3nxGeT0U
— BBC Business (@BBCBusiness) October 25, 2017
BBC news on how LIBOR was rigged
- Economics
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- Market Rigging (Financial Markets)
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Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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