Benchmark rate ignored the crisis in Cyprus, with just four out of 18 banks showing increase in dollar borrowing cost.
By Liam Vaughan, Bloomberg|March 28, 2013 at 06:51 AM
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Libor ignored the crisis in Cyprus that’s roiling financial markets, showing the global benchmark for $300 trillion of securities remains divorced from reality six months after regulators laid out a plan to fix it.
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