The Libor gets its name from the London Interbank Offered Rate, from the City of London, one of the largest financial centres in the world. The London Interbank Offered Rate is the average interest rate estimated by leading banks in London that the average leading bank would be charged if borrowing from other banks. It is usually abbreviated to Libor (/ËlaÉªbÉr/) or LIBOR, or more officially to ICE LIBOR (for Intercontinental Exchange Libor).
Equifax (NYSE: EFX) is a global leader in consumer, workforce and commercial information solutions, that provides businesses of all sizes and consumers with insight and information they can trust.
Equifax has US$3.1 billion in annual revenue and 9,000+ employees in 14 countries. It is listed on the NYSE as EFX. Aside from offering credit and demographic related data and services to business, Equifax sells credit monitoring and fraud-prevention services directly to consumers.