Tag Archives | Mark Carney

Investor asked about NYSE EURONET

A reader asked, “what’s NYSE EURONET?” This was a response to yesterday’s post. That post reported NYSE EURONET took control of the LIBOR rate in London from the British Bankers Association after exposure of corruption and rate favoritism during the 2008 financial crisis. NYSE EURONET is the company that owns the New York Stock Exchange […]

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Interesting, everybody is interested in interest

Anyone interested in money will have an interest in these developments. The LIBOR rate, the London Interbank Offered Rate or overnight interest rate ‘estimated’ by leading London banks is under new control. LIBOR affects our lives in many ways This key benchmark borrowing rate forms the cost base for many loan transactions around the world. […]

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