Original version

BBC World Service East Asia

World Business Report

Factual: Money

The latest business and finance news from around the world, on the BBC

The latest business and finance news from around the world, on the BBC.

BBC World Service Online

BBC World Service schedule for American satellite radio and the Caribbean

BBC World Service Americas and the Caribbean

BBC World Service Australasia

BBC World Service Europe and the Middle East

BBC World Service South Asia

BBC World Service

World Business Report: First broadcast 2016/07/07 17:32 GMT: Libor Scandal Bankers Jailed

Bulletins

Libor Scandal Bankers Jailed

First broadcast 2016/07/07 17:32 GMT

First broadcast 2016/07/07 17:32 GMT: Libor Scandal Bankers Jailed

BBC World Service - World Business Report, Libor Scandal Bankers Jailed

Four former bankers have been jailed for their parts in the so-called Libor scandal.

Four former bankers jailed for their part in rigging the Libor interest rate, which banks use to lend money to one another.

The Libor scandal was one of the things that, for many, symbolised all that was wrong in Britain's financial centre in the run-up to the financial crisis. Libor is the interest rate at which banks lend money to each other. It's estimated to affect the cost of $350 trillion dollars worth of deals - or five times the value of everything produced in the world in a year. Meanwhile, the vote in the UK to leave the European Union has set off a beauty contest among European cities, eager to pick up the banking and financial business that they hope will now leave London. Paris, Dublin and Berlin have all been encouraging British businesses to relocate. And we talk to economist Irwin Stelzer of the Hudson Institute about Donald Trump. Mr Trump says if he becomes President, a trade deal between the UK and the US will be a priority. Photo Credit: PA

Accessibility links

Programme Index

World Business Report

First broadcast 2016/07/07 17:32 GMT: Libor Scandal Bankers Jailed

Genres

Formats

Brand

BBC World Service East Asia

About BBC World Service