Mira Norian / Investopedia LIBOR (London Interbank Offered Rate) was a key reference point for the interest rates banks charged each other on short-term loans across global financial markets.

LIBOR set interest rates for trillions of dollars in loans for over 30 years. Banks manipulated the rate because it relied on estimates rather than real transactions. A new system called SOFR ...

Commissions do not affect our editors' opinions or evaluations. For more than 40 years, the London Interbank Offered Rate—commonly known as Libor—was a key benchmark for setting the interest ...

A similar process is carried out for five other currencies as well. The average—often referred to in the singular even though there are 35 rates—is called the London interbank offered rate (LIBOR). It ...

From next week, the rate, known as the London Interbank Offered Rate, or LIBOR for short, will cease to be published. LIBOR is a collective term for dozens of rates, denominated in different ...

The three-month London interbank offered rate for dollars fixed for the final time on Friday, ending 50 years as a global benchmark. The rate for lending between banks rose roughly 1.2 basis ...

Companies are paying more to hedge a forward-looking interest-rate benchmark that is being widely used to replace the troubled London interbank offered rate, an added expense that comes as finance ...

New trades in the enormous U.S. dollar interest rate swap market have almost entirely stopped using the London Interbank Offered Rate (LIBOR) as the deadline for its demise approaches. A record 91 ...

The man in charge of a UK government report into what went wrong with the manipulation of the London interbank offered rate (Libor), the benchmark interest rate, will Friday call for a "complete ...