US Students Detected Libor-Fixing Years Before Banking Scandal

Carl Schreck for RIA Novosti In April 2010, University of Minnesota graduate students Connan Snider and Thomas Youle released a paper suggesting that leading global banks were manipulating the Libor—the world’s most important lending rate—to benefit their own trading positions. The two economists shopped the paper to academic finance journals but were repeatedly rebuffed, according […]