WASHINGTON (Reuters) - A former senior trader at Rabobank [RABN.UL] pleaded guilty on Monday to participating in a scheme to manipulate the yen Libor rate, becoming the second employee of the ...

[Asia Economy Reporter Park Sun-mi] With the LIBOR rate calculation set to be discontinued in January next year, financial authorities and major banks are in the final stages of preparation. Banks are ...

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 Offer Rate, commonly known as Libor, has been called "the world's most important number." It is the basis for calculating interest rates on everything from mortgages to student ...

The recent onslaught of LIBOR litigation raises two important issues for potential plaintiffs considering individual lawsuits outside the existing class actions. The first relates to remedy. The ...

It’s time to stop “postponement syndrome” over the expiration of the London interbank offered rate. There can be no more stalling. In March, Federal Reserve Vice Chair for Supervision Randal Quarles ...