The Libor rate scandal could make banks' mortgage and foreclosure troubles look like child's play and that doesn't bode well for an industry still in recovery mode. The best case scenario is that ...

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 ...

Discover the history, functionality, and transition of Euro LIBOR, the euro-denominated interbank rate, and its replacement in European financial markets.

NEW YORK--(BUSINESS WIRE)--Morgan Stanley (NYSE: MS) today announced that all U.S. law-governed U.S. dollar LIBOR ICE Swap Rate (“USD LIBOR ISR”)-linked debt securities issued by Morgan Stanley and ...

For half a century the series of interest rates known collectively as the London interbank offered rate, or Libor, has helped determine the cost of all sorts of borrowing around the world. But over ...

From here on out, your consumer or business loan rate will be set by a new standard. Replacing Libor, the obsolete benchmark for loan rates, is SOFR, the Secured Overnight Financing Rate. Its full-on ...

You may not be interested in the Libor—the London Interbank Offered Rate—but the Libor is interested in you. Even though the typical American is never going to seek an interbank loan in London, the ...

The term Libor has been thrown around plenty over the last couple of weeks thanks to yet another scandal ripping through the banking industry. Consider that the 2008 financial crisis, a crisis that ...

You might not think the interest rates that international banks charge each other and the rates that big U.S. banks charge massive corporations would have much effect on a small business. But if your ...