Rate Setting Process News Today

Interest rate in london set to charge to other banks look to borrow money. a number of british and american banks are under investigation by regulators after barclays, a large british bank, paid a $450 million settlement and several top officers resigned amid disclosures that the bank misreported data in order to fix the libor rate. the focus of these investigations go all the way back to 2007 and 2008 at which time treasury secretary tim geithner was president of the new york federal reserve. a...