London Fog: Banks Behind Libor Benchmark Come Under Increased Scrutiny

Every workday morning in London, at about 10 o’clock, representatives from 19 banks make a series of decisions that affect financial transactions around the world, from what homeowners pay on their mortgages to the underlying value of credit default swaps and corporate bonds. The bankers’ power is unsettling, says Tim Price, who helps oversee more than $1.5 billion as director of investment at PFP, an asset management firm. Read full article >>

Topics:  london   tim price   pfp   read   banks   

 

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