Libor founder Minos Zombanakis condemns rate manipulators

Those who are 'violating their own dignity' by dragging index into disrepute deserve fines, says syndicated finance pioneer Amid mounting calls for the bankers who rigged Libor to be jailed, the Greek financier widely credited with inventing the benchmark interest rate has said that without the key ingredients on which it was built – honesty and trust – the formula was doomed to fail. Speaking ...