WTF is Libor? WTF is Tom Hayes? and WTF does any of it matter? #WhatWhoWhy

Former Citigroup and UBS trader Tom Hayes has become the first person to be convicted for rigging global Libor interest rates. He has been found guilty of eight counts of conspiring to defraud and sentenced to 14 years in prison.

libor

But what is Libor and what does this mean for the future of the banking industry? Pamela Yeow explains here: Q&A: what is the Libor scandal and why does it matter?.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Create a free website or blog at WordPress.com.

Up ↑

%d bloggers like this: