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 ...

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

Differences in LIBOR replacement rates could upset complex deal structures. Floating rate debt instruments for commercial real estate loans and many other forms of financing have for decades relied on ...

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 ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

The group steering a U.S. replacement for the beleaguered London interbank offered rate has said it can’t guarantee a vital last step in the process will happen this year as planned, spurring ...

Head of AI innovation initiatives at ABBYY. I write about AI, innovation and how global enterprises can achieve a competitive advantage. The discontinuation of the LIBOR interest rate, the most widely ...