LIBOR will at last be switched off in June
L and martini lunches, the London interbank offered rate ( ) was once a fine idea. In 1969 Iran’s central bank was looking for an $80m loan—at the time a hefty ticket for a high-risk country without the foreign-exchange reserves to cover it. So Minos Zombanakis, their banker, clubbed together a…
#iran #minoszombanakis #tokyo #dixitjoshi #deutschebank #federalreserve #moneytalks