UK's Handover of Libor Is Largely Symbolic: Vaughan

July 9 (Bloomberg) -- After the LIBOR rate-rigging scandal cost Barclays, UBS and Royal Bank of Scotland more than $2.5 billion in fines from U.S. and U.K. regulators, Britain will hand over administration of the London interbank offered rate to the operator of the New York Stock Exchange. Bloomberg's Liam Vaughan reports on "Market Makers." (Source: Bloomberg)

There May Be a Sweet Spot for China Distressed Debt
16:59 - The specter of more soured assets piling up in China is turning into a sweet spot for distressed debt investors seeking fat returns. Bloomberg's Lianting Tu reports on "Bloomberg Markets." (Source: Bloomberg)
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