The Libor rate scandal could make banks' mortgage and foreclosure troubles look like child's play and that doesn't bode well for an industry still in recovery mode. The best case scenario is that ...

Whether it’s the side of the road we drive on, our preferred system of measurement or how we define “football,” America always seems to distinguish itself from Britain. Despite this, American lenders ...

Homestretch to December 31, 2021, and the end of LIBOR? Not so fast. All the relevant regulators and other authorities clearly indicated for some time that USD LIBOR would no longer be available after ...

Libor is calculated for multiple terms each day by the British Bankers’ Association based on submissions received from 16 global banks. The four highest and the four lowest submissions are disregarded ...

LONDON, ENGLAND - June 28, 2012. Barclays Bank Fined Over Libor. (Photo by Oli Scarff/Getty Images) Libor is on the verge of becoming Bernie from Weekend at Bernie’s—a corpse being propped up for yet ...

This week’s Bloomberg Businessweek cover story is about Tom Hayes, a British trader convicted of manipulating Libor. The London Interbank Offered Rate is a global benchmark for the cost of borrowing.

While there are many challenges associated with the prospective LIBOR transition at the end of 2021, one of the most daunting challenges has to be the impact of the prospective transition on ...

This summer marks the 10th anniversary of the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, designed to address flaws and abuses that led to the 2008-09 financial crisis.

About the authors: J. Christopher Giancarlo served as chairman of the U.S. Commodity Futures Trading Commission. He was previously an independent director of the American Financial Exchange, the ...

— -- The London Interbank Offered Rate, or LIBOR, sounds like one of those funny British idiosyncrasies, like warm beer or the royal family. But if you have an adjustable-rate mortgage or a ...