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 ...

The UK Financial Services Authority repeatedly failed to act on warnings that banks were trying to rig inter-bank lending rates (mainly Libor) at height of the financial crisis, according to an ...

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 ...