Lenders and brokerage firms were accused of manipulating the London interbank offered rate, known as Libor, and the Euribor benchmark, which served as foundational anchors for the global financial ...
The Court of Appeal in London on Wednesday quashed the criminal convictions of five former financial traders for manipulating the Libor and Euribor interest rate benchmarks, the latest twist in the ...
Now is the time to transition away from the London interbank offered rate, the decades-old benchmark used to calculate the rate of interest charged on more than half of adjustable-rate U.S. home ...
Differences in LIBOR replacement rates could upset complex deal structures. Floating rate debt instruments for commercial real estate loans and many other forms of financing have for decades relied on ...
It’s time to stop “postponement syndrome” over the expiration of the London interbank offered rate. There can be no more stalling. In March, Federal Reserve Vice Chair for Supervision Randal Quarles ...
If Wall Street, The City (London’s Financial Center) and other high-finance powerhouses were teenagers, would you trust them with the keys to the car? You might want to think twice about it if you don ...
Former Barclays chairman Marcus Agius faced the Parliamentary Treasury Select Committee on the LIBOR scandal in London in July. Photo by Jason Alden/Bloomberg via Getty Images. One of the biggest ...
Financial institutions are preparing for the phase-out of the London Interbank Offered Rate (LIBOR), the most widely used short-term lending benchmark in the world. It’s a complicated regulatory issue ...