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Protests Put President Zelensky Under Pressure

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The Rise and Fall of LIBOR

This chapter explores the complexities of LIBOR, the benchmark for borrowing costs, from its inception to its infamous scandal. It examines how banks manipulated borrowing estimates during times of financial instability, leading to widespread outrage and criminal prosecutions. The narrative highlights the fallout from the 2008 crisis, discussing the challenges of justice for those involved and the implications for future financial conduct.

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