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 ...

— -- A new scandal in the banking industry is undermining its image, already tarnished by rogue trading at JPMorganChase and the 2008 subprime mortgage collapse. At the heart of the scandal: ...

The cost of three-month dollar loans slid to a new record low today after Bank of America Corp. said it had raised around $13.5 billion to shore up its capital position. Earlier this month, the U.S.

BRUSSELS (AP) -- The European Union is proposing to make it a crime to manipulate key global interest rates, as some banks have been accused of doing. European Commission vice president Viviane Reding ...

LONDON (Reuters) - Standard Chartered won its bid in a London court on Tuesday to replace the financial benchmark it used to set dividend rates for some shares, which the bank said provided "clarity" ...

Is the increased gap between Libor and overnight rates a Machiavellian scheme, where liquid banks are forcing up Libor to earn extra cash on products that are indexed against this measure of money ...

Remember Libor? For decades, the London interbank offered rate was the benchmark for pricing a wide variety of loans, ...

June 10 (Reuters) - UK-based bond broker ICAP said it will launch on Wednesday an alternative measure to the London interbank offered rate of borrowing costs for banks with offices in the United ...