The inaccurate reporting of LIBOR interest rates—certainly among the most important interest rates in the world—by Barclays and other banks is a scandal of the present day. But did central banks and ...

(Bloomberg) -- Untangling the vast global derivatives industry from Libor just got a bit easier. The London interbank offered rate is hardwired into swaps and other contracts worth hundreds of ...

The Federal Deposit and Insurance Corporation has filed an up to $400 billion court case in London over the rigging of Libor those years ago. This is an important case, very important, for the ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The demise of the London Interbank Offered Rate (LIBOR) has ...

WASHINGTON, July 25 (Reuters) - U.S. Treasury Secretary Timothy Geithner, under pressure for not doing enough to stop fraudulent manipulation of a key benchmark interest rate, told lawmakers on ...

Libor is an interest rate based on quotes from banks on how much it would cost to borrow money from each other. It is a price reference for financial contracts worth more than $300 trillion globally, ...

LONDON/NEW YORK (Reuters) - Barclays alerted U.S. regulators as far back as 2007 to concerns that banks were rigging benchmark interest rates, according to documents released on Friday, but ...

There’s a good chance your credit card, floating-rate mortgage, car loan and even the investment funding for the company where you work are all influenced by an arcane interest rate known to market ...

FRANKFURT, Oct 21 (Reuters) - Deutsche Bank has widened an internal probe into possible manipulation of the Libor benchmark interest rate after discovering a new chatroom where traders may have ...

The Federal Reserve Bank of New York said Friday that it received reports of problems with the setting of the London Interbank Offered Rate (Libor) back in 2007, before the issue first came to public ...

The advent of a new calendar year means many things. For municipalities with outstanding bank loans or interest rate swaps, 2020 may be the year when many first hear about the long-planned phase-out ...