Libor rigging occurs as Europe sets up bank regulator, which could disadvantage U.K.
By Kevin Crowley and Ambereen Choudhury, Bloomberg News|July 06, 2012 at 05:25 AM
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London risks losing its status as the world’s top financial center as the $360 trillion interest-rate fixing probe follows a series of market abuses by banks that eroded trust in a city already shrinking faster than rivals.
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