What is the London Interbank Offered Rate (LIBOR)? The London Interbank Offered Rate (LIBOR) was the interest rate benchmark used to calculate the average rate at which banks would offer a short-term ...

In the wake of multiple criminal and regulatory investigations into alleged manipulation of the London Interbank Offered Rate (“LIBOR”), Andrew Bailey, Chief Executive of the UK Financial Conduct ...

LIBOR, the London Interbank Offered Rate, sometimes referred to as the Eurodollar rate in loan documents, is calculated and published on a daily basis by averaging the price at which each of 18 banks ...

LONDON--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that ICE ...

ICE Benchmark Administration, the administrator of the LIBOR benchmark, has published a report setting out how it proposes to transition panel banks to the new “Waterfall Methodology” outlined in its ...

June 19 - The independent Foreign Exchange and Money Markets Committee discuss the definition of BBA LIBOR each time they meet, to ensure the rates remain the best possible benchmark for these rapidly ...

Swiss bank UBS's Libor-setting process was wedded to the bank's commercial interests, argued the defence lawyer for former trader Tom Hayes at a London court today (July 2). A document shown to the ...

Former UBS and Citigroup trader Hayes (45) was convicted of conspiring to rig the London Interbank Offered Rate (Libor), while Palombo (44), a former trader at Barclays, was convicted of rigging the ...

Jury told email and phone chats show that six accused ‘offered enthusiastic assistance’ to Tom Hayes, who was convicted in August Former brokers were offered takeaway curry, beer and restaurant meals ...

Libor was a floating interest rate benchmark until June 2023, when global regulators completed a shutdown of the reference rate following a manipulation scandal. Libor tracked the cost of unsecured ...