Despite Scandal, Wall Street Lines Up To Bid For LIBOR
By: Jim Zarroli
July 9, 2013
LIBOR — the London interbank offered rate — is being sold. How can an interest rate be sold? Well, like anything that is a brand name, LIBOR has value, even if that value has been undermined in recent years by scandal. The NYSE Euronext will acquire LIBOR from the British Bankers' Association. Terms of the deal have not been disclosed.
When you give to WAMU, your tax-deductible membership gift helps make possible award-winning programs such as Morning Edition, All Things Considered, The Diane Rehm Show, The Kojo Nnamdi Show, and other favorites.