European and Japanese banks face Swiss probe
New Europe Saturday 4th February, 2012
In an emailed statement on 3 Febraury, the Swiss competition watchdog has stated that Libor, and its Japanese equivalent Tibor, may have influenced collusion between derivative traders. Libor is used to determine the price of many financial derivatives, including interest-rate futures, swaps and eurodollars. Due to London's importance as a gl...





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