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 ...

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.

The average—often referred to in the singular even though there are 150 rates—is called the London interbank offered rate (LIBOR). It is one of the best known and most important interest rates in the ...

But the abundance of issuance referenced to Sonia and SOFR should not obscure the unfortunate fact that most of the proceeds have immediately been swapped back to Libor by the borrowers. When ...

Libor, the benchmark that underpins interest rates on trillions of dollars in financial contracts, is being sold to NYSE Euronext. An announcement of the deal is expected Tuesday. David Enrich ...

SOFR replaced LIBOR as the primary U.S. dollar (USD) benchmark rate following LIBOR's phaseout in June 2023. Companies managing interest rate risk with SOFR often use derivatives like SOFR ...

Former Libor trader Tom Hayes‘ application to take his case to the highest court in the land was denied by the Court of Appeal on Tuesday morning. The court stated that it should be for the ...