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And how much did they make from the Libor manipulation?
by moe 11y ago
And how much did they make from the Libor manipulation?
- retube 11y agoAlmost certainly nothing. It's not clear that any attempts to manipulate were successful, or moved the fixing in any non-immaterial way. Furthermore there's no guarantee a successful move would benefit a bank: whilst it might make an individual trader's book money, the bank's net position might be the other way.