A similar process is carried out for five other currencies as well. The average—often referred to in the singular even though there are 35 rates—is called the London interbank offered rate (LIBOR). It ...

The man in charge of a UK government report into what went wrong with the manipulation of the London interbank offered rate (Libor), the benchmark interest rate, will Friday call for a "complete ...

The process is carried out for nine other currencies as well. The average—often referred to in the singular even though there are 150 rates—is called the London interbank offered rate (LIBOR). It is ...

are undergoing a period of change as regulators and industry groups have recommended that firms transition away from the London Inter-bank Offered Rate (LIBOR) and other IBORs and prepare to ...

The London Interbank Offered Rate (LIBOR) is a benchmark interest rate at which major global banks lend to one another in the international interbank market for short-term loans. LIBOR serves ...

Former UBS and Citigroup trader Tom Hayes (45) was sentenced in 2015 to 11 years in prison after he was found guilty of conspiring to rig the London Interbank Offered Rate, known as Libor.

He is cited as calling the falsification of such benchmark rates a “betrayal” with potentially “systemic consequences”. Libor, the London inter-bank offered rate, is the benchmark interest ...

Libor - the London Inter-bank Offered Rate - is currently set in London and is meant to reflect the average rate that banks pay to lend to each other. It is used to benchmark everything from car ...