about this blog
- Brian Sullivan joined FOX Business Network (FBN) in April 2008 as an anchor. He co-anchors the 10am-12pm ET hours of the FOX Business block.
Prior to joining FBN, Sullivan served as an anchor for Bloomberg Television where he hosted the programs Morning Call and In Focus.
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September 30, 2008 12:53 PM EDT
What LIBOR is and Why You Care
You have no doubt heard the term "Libor" mentioned on air much recently. Here's why. Libor stands for the London interbank offered rate. It is the interest rate banks charge each other to make overnight loans. Most loans that eventually find their way to you begin at the top with the 16 banks that set Libor. And because banks are increasingly nervous about each others' financial ... read more
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