{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"","title":"LIBOR Rigging: When Banks Fixed the World's Most Important Number","description":"Picture the world’s most important number—one that sets the price of your mortgage, a city’s debt, a bank’s survival. Now imagine if that number could be gently nudged, not by markets, but by the people with the most to gain.\r\n\r\nLIBOR was supposed to be a beacon of objectivity in a landscape built on risk. But beneath the surface, it was built on trust—an honor system that assumed profit and integrity could share the same desk. That trust was about to be tested in ways almost no one saw coming. To understand how the world’s financial plumbing could be so vulnerable, you have to step into London’s money markets in the early two thousands. LIBOR—the London Interbank Offered Rate—wasn’t just a technical term. It was the daily snapshot of what it cost major banks to borrow from each other. Not a number pulled from completed trades, but an estimate. A best guess, submitted by trusted banks, assembled into a figure that would ripple across continents. Trillions of dollars in loans, mortgages, and derivatives lived or died by that figure. The sheer scale was staggering. A shift of a few thousandths of a percentage point could mean millions, even billions, changing hands—often without the public ever noticing.\r\n\r\nAurelius and Malik take on this case in full — 5 chapters, 31 minutes, one complete story.\r\n\r\nLearn more at: https://thefraudarchive.com/fraud/libor-manipulation","author_name":"The Archive Network"}