Libor scandal
id:
libor-scandal-215-4786887
title:
Libor scandal
text:
The Libor scandal was a series of fraudulent actions connected to the Libor and also the resulting investigation and reaction. Libor is an average interest rate calculated through submissions of interest rates by major banks across the world. The scandal arose when it was discovered in 2012 that banks were falsely inflating or deflating their rates so as to profit from trades, or to give the impression that they were more creditworthy than they were. Libor underpins approximately $350 trillion i
brand slug:
wiki
category slug:
encyclopedia
description:
London banking fraud
original url:
https://en.wikipedia.org/wiki/Libor_scandal
date created:
2012-07-06T21:21:45Z
date modified:
2024-09-12T21:32:20Z
main entity:
{"identifier":"Q1443894","url":"https://www.wikidata.org/entity/Q1443894"}
image:
fields total:
13
integrity:
15