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Libor's Rise May Sock Many Borrowers.
- Source :
-
Wall Street Journal - Eastern Edition . 4/19/2008, Vol. 251 Issue 92, pB1-B5. 2p. 2 Charts. - Publication Year :
- 2008
-
Abstract
- The article reports that the London interbank offered rate (Libor), the interest rate banks charge one another for short-term loans, rose significantly for the second straight day. This could result in higher interest rate costs for homeowners and corporations. Approximately $10 trillion in mortgage loans and corporate debts worldwide have their interest rates pegged to Libor.
Details
- Language :
- English
- ISSN :
- 00999660
- Volume :
- 251
- Issue :
- 92
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Eastern Edition
- Publication Type :
- News
- Accession number :
- 31721839