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होम Banking Britain starts formal countdown in ‘final chapter’ of Libor

Britain starts formal countdown in ‘final chapter’ of Libor

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LONDON (Reuters) – Britain’s Financial Conduct Authority (FCA) on Friday called a formal end to nearly all Libor rates on December 31 as anticipated, piling pressure on markets to complete their biggest change in decades. Libor, or London Interbank Offered Rate, is being replaced by rates compiled by central banks after lenders were fined billions […]



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