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What Libor’s disgrace warns us about CNH Hibor - analysis
July 13, 2012
Libor was used for 30 years before the recent scandal brought it into question. CNH Hibor has got off to a less auspicious start and has fewer options to bring about an improvement.
Every passing day sees Libor being discredited a little bit more.
The revelations about how traders manipulated the London interbank offered rate in times of stress, the fact that the rate is based on estimates rather than actual trades and...
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