Bankers used it until the end. Regulators say good riddance after its infamous fall. By Lananh Nguyen and Jeanna Smialek The London interbank offered rate, a number that spent decades as a central ...

Islamic finance providers have been slow to make the transition away from LIBOR, as the replacement benchmark rates pose challenges in the context of Sharia compliance The phase-out of the London ...

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 replaced ...

The London Interbank Offered Rate, a number that spent decades as a central force of international finance and was used in setting interest rates on everything from mortgages to student loans, has ...

It took more than a decade but Libor, the benchmark borrowing rate at the heart of a rigging scandal that blew up in the early 2010s, is now officially no more. A Libor rate was used for the last time ...

Libor is calculated for multiple terms each day by the British Bankers’ Association based on submissions received from 16 global banks. The four highest and the four lowest submissions are disregarded ...