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Libor drops again

Three-month Libor has dropped down to just 3.88 per cent.

Overnight Sterling Libor stayed at 3 per cent while the all-important three-month rates fell below 3.9 to just 3.88 per cent, only 88bps above Bank base rate.


Former Lehman chief in boutique start-up

Former Lehman Brothers head of structured retail products Adam Habib has started a boutique investment company which will offer mutual funds, structured products and hedge funds.


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