Both of you are right... BROIL is the anagram of LIBOR (London Inter-Bank Offering Rate) - the international rate at which banks lend and borrow money form each other. Eagle is the logo of Barclays. Barclays tried to manipulate the LIBOR rate by quoting low figures for their cost of borrowing. Recently they have been charged with $450 million for the scandal [literally broiled :)]
Barclays' involvement in the rigging of LIBOR
ReplyDeleteBarclays Libor rigging Scandal.
ReplyDeleteBoth of you are right... BROIL is the anagram of LIBOR (London Inter-Bank Offering Rate) - the international rate at which banks lend and borrow money form each other. Eagle is the logo of Barclays. Barclays tried to manipulate the LIBOR rate by quoting low figures for their cost of borrowing. Recently they have been charged with $450 million for the scandal [literally broiled :)]
ReplyDeleteKeep the quizzer alive!!!