Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Ensure crucial public journalism remains independent and free to everyone by supporting WWNO before our budget year ends on June 30th. Donate Now!

libor

  • The New York Federal Reserve learned in 2007 that some banks might have low-balled the rates they expected to pay for loans from other banks. They may have manipulated the so-called LIBOR rate in an attempt to avoid appearing weak, which would have meant they'd have to pay higher rates, newly released documents show.