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What happened in the libor what were reported as a

Write-up Homework

LIBOR rigging has been reported in the press. Please read the following Wall Street articles on LIBOR rigging along with your own investigation. Then write a report including the responses to the questions:

(1) What happened in the LIBOR?

(2) What were reported as a motivation of LIBOR rigging?

(3) Anyone or institutions penalized for the rigging?

(4) What would be the fate of LIBOR?

The write-up homework will be within 2 pages maximum.

Wall Street Journal articles:

Rain Man in Trouble By David Enrich.

Phase Out Libor? Not So Fast, Bankers Say By Ben Eisen.

ECB Set to Publish New Overnight Lending Rate By Todd Buell.

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