Stories Tagged as
LIBOR
LIBOR interest rate to be phased out
Jul 27, 2017
Britain’s main financial regulator said today that a key benchmark interest rate will be phased out by the end of 2021. LIBOR, the London Interbank Offered Rate, was badly damaged a few years ago in a multibillion dollar rate-rigging scandal. The Brits hope a new benchmark, called SONIA — the Sterling Over Night Index Average — will take […]
Bank of England involved in Libor scandal, reports the BBC
Apr 10, 2017
The BBC has obtained a secret recording that links the bank to Libor rigging.
'The world's most important number' and the man who manipulated it
by
Kai Ryssdal
Mar 21, 2017
LIBOR is the interest rate that sets other interest rates. 'The Spider Network' tells how a British banker nudged it to make a lot of money.
Global currency traders may be fixing the '4 p.m. Fix'
Jan 30, 2014
Currency traders are suspected of using a little known number called the "4 p.m. Fix" to manipulate one of the world's largest markets.
Banks crack down on multitrader chatrooms
Dec 18, 2013
JP Morgan and Deutsche Bank are prohibiting the use of some chat rooms amid ongoing investigations of currency manipulation. The move comes after UBS’s investment banking arm did the same last month.
Wall Street Journal battles for freedom of the press in Britain
Oct 18, 2013
The British government is trying to prohibit The Wall Street Journal from publishing the names of trades implicated in the LIBOR scandal.
Everything you need to know about LIBOR but were afraid to ask
Jul 9, 2013
LIBOR is back in the headlines. How does today's news impact me?
For public good, not for profit.
So what is LIBOR, exactly?
by
Paddy Hirsch
Jul 9, 2013
The London Interbank Offered Rate, explained.
LIBOR gets a new shepherd
by
Molly Wood
Jul 9, 2013
The contract to run the London Interbank Offered Rate or LIBOR -- one of the key benchmarks in the global financial system -- has been awarded to NYSE Euronext.
Another market manipulation scandal? Traders said to rig currency exchange rates
Jun 12, 2013
First there was the rigging of the interest rate known as LIBOR. Now there may be collusion on currency exchange rates.