Every weekday at about 11 a.m., 17 large banks, under the auspices of the ICE Benchmark Administration, report the rate at which they believe they can borrow a “reasonable” amount of dollars from each ...

Before 2008, most traders didn’t pay much attention to the difference between two important interest rates—the London Interbank Offered Rate (LIBOR) and the Overnight Indexed Swap (OIS) rate.

The London interbank rate is used widely as a benchmark but has come under fire Every weekday at about 11 a.m., 18 large banks, under the auspices of the British Bankers’ Association, report the rate ...

In it, Diamond said Tucker had told him there were concerns among “senior figures within Whitehall”, about Barclays’ Libor rate, which was at the “top end.” Barclays released the note ...

while other US Libor rates will continue to be published until June 30, 2023. The announcement gives US financial markets additional time to transition existing securities away from key US dollar ...

An investigation into the rigging of Libor, the benchmark interest rate that tracks the cost of borrowing cash, has been unexpectedly closed. The decision comes despite evidence that implicates ...