Remember the London interbank offered rate, also known as Libor? That rate that no one paid attention to, but then suddenly was on the front page of every newspaper because of the way some reporting ...

LIBOR once served as the foundation of global lending, affecting everything from credit cards to corporate loans. For over 30 years, these benchmark interest rates determined borrowing costs for ...

LONDON, ENGLAND - June 28, 2012. Barclays Bank Fined Over Libor. (Photo by Oli Scarff/Getty Images) Libor is on the verge of becoming Bernie from Weekend at Bernie’s—a corpse being propped up for yet ...

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 ...

For half a century the series of interest rates known collectively as the London interbank offered rate, or Libor, has helped determine the cost of all sorts of borrowing around the world. But over ...

LONDON (Reuters) - On June 30, British bank NatWest sent out an arcane-sounding press release - bus operator National Express had become the first company to take out a loan based on Sonia, a ...

The Financial Accounting Standards Board released a proposed accounting standards update Thursday to help banks and other types of businesses make the transition from the London Interbank Offered Rate ...

This summer marks the 10th anniversary of the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, designed to address flaws and abuses that led to the 2008-09 financial crisis.

There are only a few certainties in life: death, taxes and change. When questioned about what’s going to change in the next 10 years, Jeff Bezos rhetorically answers what’s not going to change in the ...

Wall Street is struggling to find a replacement for Libor, the scandal-plagued interest rate that governs debt and contracts worth $200 trillion, including consumer mortgages and loans. Time is now ...