For half a century the series of interest rates known collectively as the London interbank offered rate, or Libor, has helped determine the cost of all sorts of borrowing around the world. But over ...

For more than 40 years, the London Interbank Offered Rate, or LIBOR, has been a key benchmark for setting the cost of floating-rate debt around the world. LIBOR also plays a big role in pricing debt ...

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 replaced ...

LIBOR, the London Interbank Offered Rate, has been called “the most important number in finance” but it is scheduled to sunset next year. Your clients are likely to be affected by the coming change.

For decades, LIBOR has been the key index for the consumer finance industry in making adjustable rate loans. As many know, a recent scandal demonstrated the index to be susceptible to manipulation, ...

Felix Salmon has an interesting piece about a survey done of finance industry professionals. Clearly, the scandals around LIBOR mean that it needs reforming in some manner. It's just far too easy for ...

Libor, the London Interbank Offered Rate, is being phased out by lenders — and that could mean a change in the interest rates paid by millions of existing home mortgage borrowers in the U.S., if the ...

There is a valiant attempt going on to design a replacement for Libor, the London Interbank Offered Rate, and this is somewhat problematic, for there isn't actually anything which can replace it in ...

Former Citigroup and UBS trader Tom Hayes has become the first person to be convicted for rigging global Libor interest rates. He has been found guilty of eight counts of conspiring to defraud and ...