The value of stocks traded on global exchanges has plummeted by an estimated $25 trillion this year, but the bigger worry for many analysts is the continuing fear banks have about lending money to each other.

A telling indicator of those fears is the rise in the London Interbank Offered Rate, or LIBOR, which tracks the rates banks charge each other for loans in 10 currencies for durations ranging from overnight to 12 months.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top