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 ...

Interest Rate Statement: The Swiss National Bank (SNB) is lowering the three-month Libor target range by 50 basis points to 0.0–1.0% with immediate effect. It will continue to provide the Swiss franc ...

Tom Hayes and Carlo Palombo were among 37 City traders prosecuted for "manipulating" the interest rate benchmarks Libor and Euribor The Supreme Court is poised to rule on the cases of two former City ...

LONDON (Dow Jones)--The cost of borrowing longer-term U.S. dollars in the London interbank market continued to fall Thursday, hitting its lowest rate since the British Bankers' Association first ...

When the LIBOR interest-rate fixing scandal broke wide open over the summer, I asked whether it was “The Crime of the Century.” The answer to that question relied on whether banks were understating ...

LONDON, May 10 (Reuters) - Britain's finance watchdog wants banks to speed up a shift to new interest rate benchmarks that replace the Libor rate which is being scrapped after December. The London ...

LONDON, March 25 (Reuters) - Tom Hayes, the first trader ever jailed for interest rate rigging, launched a bid to clear his name at Britain's top court on Tuesday, arguing it was not automatically ...

Tom Hayes claims he was ‘hand-picked scapegoat’ for the Swiss bank as it tried to avoid regulatory scrutiny Tom Hayes, the first banker jailed over Libor interest rate rigging, is suing his former ...

Four former bankers who rigged the Libor rate in a fraud involving "eye-watering" sums of money will be sentenced today. Three former Barclays' employees were last week found guilty of conspiracy to ...