libor scandal


UK: Reputation can’t be bought at the supermarket

LONDON | By Víctor Jiménez | We leave the Thameslink station, in the southern section of Ludgate Hill Street that leads to the door of St. Paul’s Cathedral in London. We are close to Square Mile. On our way to his office, the veteran financial journalist Jon Hay explains that Euromoney (one of the large market information publishing companies in Europe) has started to hire new reporters to cover, for instance, the latest data on the collateralised loan obligations (‘CLOs’), which are one of the debt structures that got deflated after the 2007 credit bubble burst.