The following is reprinted from last Sunday’s Kelly Letter: The London Interbank Offered Rate, or Libor, is a benchmark interest rate that measures how much banks pay to borrow from each other. It’s used to calculate hundreds of trillions of dollars in global financial contracts, including some you might hold such as mortgages and corporate […]
Category Archives: Financial Sector
Of Barclays and Bank Bonuses
Barclays (BCS) CEO Bob Diamond told a parliamentary committee and a packed audience on Tuesday, “There was a period of remorse and apology; that period needs to be over. We need our banks willing to take risks, to be confident and to work with the private sector in the UK to create jobs and improve […]
