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 ...

A widely-used benchmark for U.S. short-term interest rates has dropped to record lows, joining its European peers, in the latest sign that massive central bank stimulus has suppressed borrowing costs.

Is the increased gap between Libor and overnight rates a Machiavellian scheme, where liquid banks are forcing up Libor to earn extra cash on products that are indexed against this measure of money ...

Within the financial sector, few topics are hotter right now than the manipulation of the London Interbank Offered Rate, or Libor. Libor, essentially, is the average benchmark for different interest ...

In a sweeping decision that closes one of the most high-profile financial cases of the past decade, U.S. District Judge Naomi Reice Buchwald has dismissed all remaining claims in the Libor-rigging ...

The final countdownto Libor's demise is now clear and there will be checks that senior bankers are ending use of the interest rate benchmark by the end of 2021, the Bank of England and the Financial ...

The LIBOR money-market rates, widely used around the world as the benchmark for interest rates on mortgages, credit cards and billions of dollars worth of other financial transactions, will be cleaned ...

When the LIBOR interest-rate fixing scandal broke wide open over the summer, I asked whether it was “The Crime of the Century.” The answer to that question relied on whether banks were understating ...

For so long have senior bankers been telling investors, creditors, rating agencies, customers and anyone else who will listen that they just need interest rates to rise and banks will be much better ...

A federal judge granted a group of big banks including Bank of America Corp. and JPMorgan Chase & Co. their bid to end a long-running benchmark-rate rigging case, saying the investor plaintiffs didn’t ...