Last updated: February 28, 2013 4:55 pm

Understanding Libor

What is the London interbank offered rate and how did things go wrong? The Financial Times explains Libor and its role in the banking system with exclusive stories, commentary and analysis. Click to hear reporters offer insight on podcasts and in web reports. Read court and agency documents compiled in our online database. Follow the FT timeline to see how we investigated allegations of manipulation of the benchmark rates.

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