What was LIBOR? The London Interbank Offered Rate reflected how much banks paid to borrow from each other. Each business day until June 2023, major institutions like JPMorgan and Barclays ...

LIBOR set interest rates for trillions of dollars in loans for over 30 years. Banks manipulated the rate because it relied on estimates rather than real transactions. A new system called SOFR ...

Libor, the more than 50-year-old benchmark borrowing rate, has officially been phased out after a rigging scandal in the early 2010s.

Libor, the more than 50-year-old benchmark borrowing rate, has officially been phased out after an arduous process kickstarted by a rigging scandal in the early 2010s.

Dmitry Pugachevsky, director of research at Quantifi, explores how the transition from Libor to the secured overnight financing rate (SOFR) impacts rates, bonds and loans, alongside some of the ...

The last rates based on the tarnished London Interbank Offer Rate, or Libor, were published on Friday, marking a mostly quiet end of a nearly decade-long effort to move away from what was once ...

Libor eventually came to be widely used for floating-rate corporate bonds, adjustable-rate mortgages, other forms of consumer credit, and the rapidly growing derivatives markets.

It has been an arduous process to get the financial system to stop relying on the tarnished interest-rate benchmark.

LCH SwapClear completed its final conversion from Libor to Sofr on 20 May in a significant milestone for the transition of the global interest rate benchmark. According to the business the conversion ...

Outstanding US Law-Governed Citi-Issued USD LIBOR Instruments Planned to Transition to Term SOFR after June 30, 2023 ...

Long Island Board of REALTORS Inc. (LIBOR) has named its leadership board for 2023. LIBOR’s executive committee, led by President Gina Marie Bettenhauser, Board of Directors, and Young ...

The regulator confirms plans to publish synthetic one, three and six-month US dollar Libor rates until September 2024, while sterling Libor will continue until March 2024, extending the original ...