Expanding the banks that submit their rates will add smaller institutions that pay more to borrow.
By John Glover, Bloomberg|October 02, 2012 at 05:06 AM|Originally published on Treasuryandrisk.Com
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
Borrowing costs for consumers and companies will rise as efforts to revive confidence in Libor increase the number of banks involved in setting the rates, which determine more than $300 trillion of securities.