Has the LIBOR scandal caused repossessions?

If you hadn’t heard of LIBOR at the start of last week, chances are that you have by now. MPs are grilling former banking boss Bob Diamond as I type!

This key interest rate is a measure of how much it would cost banks to borrow from each other. It is used as a benchmark interest rate for trillions of pounds of financial transactions around the world, and last week the FSA fined Barclays for attempting to manipulate it.

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