Who is hurt and who benefits from the manipulation of LIBOR?

The scandal surrounding Barclays PLC has already created turmoil in the British
banking giants executive suite but it could reach much further before its
resolved. Barclays chairman Marcus Agius resigned on Monday, but then agreed
to stay on as the company searches for a replacement for CEO Bob Diamond,
who abruptly resigned under pressure the following day. Chief Operating Officer
Jerry del Missier also stepped down. Many more heads could roll if the raterigging scandal mushrooms, but even as it is, the investigations into Barclays
and other banks manipulation of a key interest rate called Libor has widereaching implications for the financial sector and for millions of businesses and
consumers in the U.S. and abroad. Here, a guide to the scandal and its potential
fallout. -