Former Shooter Employees Seek $200 Million for Currency Fund

Two from Bloomberg:

Four former employees of Shooter Fund Management LLP, the London investment manager that lost 40 percent last year, are starting their own firm to trade currencies....MORE

And:

Libor Set for Overhaul as Credibility Is Doubted

The benchmark interest rate for at least $347 trillion of derivatives and 6 million U.S. mortgages is set for its biggest shakeup in a decade on concern that banks misquoted their true borrowing costs....MORE