Rolling Stone’s Matt Taibbi joins us to discuss the pattern of systemic corruption by 16 banks accused of rigging a key global interest rate used in contracts worth trillions of dollars. The London ...

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 ...

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 ...

MANILA, June 21 (Reuters) - The Philippine central bank announced on Wednesday the creation of an alternative reference rate that will be adopted by financial institutions as they work to end use of ...

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 ...

Whether it’s the side of the road we drive on, our preferred system of measurement or how we define “football,” America always seems to distinguish itself from Britain. Despite this, American lenders ...

Financial institutions around the world are caught up in a scandal concerning the manipulation of an esoteric interest rate, the London Interbank Offered Rate (LIBOR). LIBOR affects the payout of ...