Monday, July 16, 2012

Photo of the Day: Minos A Zombanakis - the Global Greek 'Father of LIBOR'

The concept of Libor is my contribution to the world’s financial community 
and I am known as “the father of Libor”.

 Minos A. Zombanakis, Athens, Greece

As the LIBOR scandal (LIBORGate maybe?) rages in the world of Big Banking it is worth noting that the 'Father' of LIBOR is none other than one of our Global Greeks, Minos Zombanakis, the Ultimate Greek Banker!

He made the statement above in a letter to the Financial Times in March this year, in response to an article attributing the London Interbank Rate - LIBOR - to the British banking Association.

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