Serdar SEN

                                                                    Mathematical and Financial Engineer                                                                            Tel: +336 17 95 70 65 | Mail:

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Scandal of Libor and Euribor

The Libor and Eurbor scandal is a series of fraudulent actions to LIBOR and EURIBOR. The scandal arose when it was dicovered thats banks were falsely inflating or deflating their rates so as to profit from trades. Libor and Euribor are the world’s most important benchmark interest rate, directly affecting nearly $600 trillion worth of global financial securities. If you have a car loan, mortgage, credit card, or student loan, Libor and Euribor affects you. This video explain the scandal.

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