They offered cash at exchange rates surprisingly close to the interbank rate and without fees.
Industrial employment had a strong positive correlation with the interbank rate over the same period.
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By October 6th, Hong Kong's interbank rate (HIBOR) had risen to 3.85%, its highest level since last December.
The effect of the Fed's actions on the interbank rate won't be known until it resets Thursday in London.
On Monday morning, Hong Kong's three-month interbank rate moved to a new 2008 high of 3.85%, according to TradeTheNews.com.
Barclays' misconduct relates to the daily setting of the London Interbank Offered Rate (Libor) and the Euro Interbank Offered Rate (Euribor).
Since the overnight interbank rate is between 40% and 50%, and industry is crippled by the liquidity crunch, this is a siren song.
But the three-month interbank rate soared, reaching 6% by the end of March, and credit conditions have accordingly tightened despite the lower base rate.
In mid-August the Fed supplied enough liquidity to hold the effective federal funds rate, an overnight interbank rate, below its then target of 5.25%.
For the past year, the swap facility has been priced at a prohibitively expensive 1% over the rate for overnight index swaps, the benchmark interbank rate, in order to discourage moral hazard.
Until this summer, the London Interbank Rate Offering Rate (LIBOR) was an omnipresent seemingly esoteric instrument that few non-financial people actually paid attention to other than knowing that their interest rate was somehow linked to it.
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If your credit score is 689, you would be charged an interest rate of LIBOR (London Interbank Offer Rate) plus 6.45%.
The variable rate is keyed to the London Interbank Offered Rate (Libor).
Yet again on Friday, the difference between the overnight lending rate and the 3-month interbank lending rate remained above 200 points, indicating this stress in the credit markets.
The interest rate on the loan will be based on the London Interbank Offered Rate (lately, the 12-month LIBOR rate has been 2.3%), plus 2.3% to 2.8%.
Comparing variable-rate loans can be tricky because some private student lenders tie rates to the prime rate while others use the one-month or three-month London interbank offered rate, or Libor.
The interest rate charged on those loans will fluctuate with the market rates, typically determined by the London InterBank Offer Rate (LIBOR).
The three-month London Interbank Offered Rate, or LIBOR, dropped to 4.50 percent from Wednesday's 4.55 percent.
The three-month Treasury yield sank to 0.68%, while the London interbank offer rate rose to 3.88%.
The London interbank offered rate for Friday was due at midday London time.
The three-month, dollar-denominated London interbank offered rate hit 0.303%, touching a level not seen since April.
LIBOR, or London InterBank Offered Rate, theoretically represents what banks charge one another to borrow.
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In particular, they asked about the Barclays interbank loan rate scheme, the so-called London whale incident at J.
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The latest scandal is the manipulation of the Libor (London Interbank Offered Rate).
Libor, if you need a refresher, stands for the London Interbank Offered Rate.
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Meanwhile, the London interbank offered rate, which is the rate at which banks lend to each other, continues to rise.
Such a deal would make UBS the second financial institution this year to admit to manipulating the London interbank offered rate, Libor.
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The London Interbank Offered Rate (LIBOR) hit a 10-month high of 0.53781%.
Another is the London interbank offered rate, which measures the rate of lending between banks -- a higher rate indicates more caution.
Fortunately, there is at least one indicator that bodes well: the London interbank offered rate (Libor), which banks charge each other to lend.
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