September 12 | National Real Estate Investor

What the LIBOR Scandal Means for Commercial Real Estate | by David Bodamer

National Real Estate Investor Magazine writes: In early July, British investment bank Barclays PLC announced a surprise settlement with agencies from the United States and Europe and admitted that, for years, it had been reporting false information to the British Bankers’ Association as part of the process of determining the London Inter Bank Overnight Rate (LIBOR)—a key metric used as the basis for trillions of dollars’ worth of other financial products, including some commercial real estate debt.

Read the story at the NREI website.