Libor Costs Soar as Banks Seek Funds Over Quarter-End
• bloomberg.comThe cost of borrowing pounds, dollars, and euros overnight rose as banks sought funding over the quarter-end amid a credit squeeze.
The cost of borrowing pounds, dollars, and euros overnight rose as banks sought funding over the quarter-end amid a credit squeeze.
Oh, LIBOR = London Interbank Offered Rate, is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the London wholesale money market (or interbank market). [Wikipedia]