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Bank Of England To Penalize Cos. Still Using Libor In Oct.

By Najiyya Budaly ( February 26, 2020, 1:23 PM GMT) -- Financial companies that do not move away from Libor by October will be forced to hold more collateral if they want to borrow money from the Bank of England, the central bank warned Wednesday as it "turbocharged" efforts to ditch the scandal-plagued interest rate benchmark....

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