If your credit card's variable interest rate was tied to LIBOR, you should have gotten notice from your issuer that your card will transition to a new index. There are rules related to the transition ...

Citi LIBOR Transition Update Outstanding US Law-Governed Citi-Issued USD LIBOR Instruments Planned to Transition to Term SOFR after June 30, 2023 February 27, 2023 04:15 PM Eastern Standard Time ...

Wells Fargo (NYSE:WFC) on Friday provided information for the transition of its outstanding U.S. dollar instruments based on LIBOR (London Interbank Offer Rate). After June 30, the lender said, ...

In addition to his role within LCH’s Rates Derivatives business, Philip Whitehurst represents LCH on a number of industry groups working on benchmark reform, including the Alternative Reference Rates ...

Citi is issuing this press release to provide notice that, after the Cessation Date, the relevant USD LIBOR rate in each Legacy LIBOR Instrument is planned to be replaced with the CME Term SOFR ...

Background: Why is LIBOR Going Away? LIBOR has played a critical role in the financial industry for more than 50 years. As of 2018, more than U.S. $200 trillion of financial contracts were pegged to ...

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