A Bloomberg spokesperson said the discontinuation of BSBY, which lagged in the race to succeed the defunct Libor rate, was the result of the "limited" commercial opportunities. Bloomberg L.P. says ...

Bank of America Corp. took a roughly $1.6 billion charge tied to the finance industry’s shift away from the London Interbank Offered Rate benchmark, a cost the company said will eventually be made up ...

In a statement issued on September 13, 2023, Bloomberg Index Services Limited (“BISL”) announced that it is seeking feedback from lending market participants on a proposal to cease the publication of ...

The three-month London interbank offered rate for dollars fixed for the final time on Friday, ending 50 years as a global benchmark. The rate for lending between banks rose roughly 1.2 basis points to ...

The Bank of England (BoE) and Financial Conduct Authority (FCA) have reminded firms that there are less than 90 days until the USD LIBOR ceases on 30 June 2023, marking a milestone in the transition ...

Sign up for The Media Today, CJR’s daily newsletter. Bloomberg names names in the Libor investigation, reporting that at least 34 traders from more than a dozen ...

Ex-UBS Group AG star trader, Tom Hayes, agreed to manipulate and rig Libor to dishonestly boost profits, prosecution lawyers said asking the UK’s top court to reject attempts to overturn his ...

Die Europäische Zentralbank, die Bank of England und andere Notenbanken sollen auf dem Höhepunkt der Finanzkrise 2008 Geschäftsbanken gedrängt haben, die Referenzzinssätze Libor und Euribor zu ...

A seminal event occurs at the end of this week: Dollar Libor will finally die. The big question is does its replacement, the Secured Overnight Financing Rate, make the global financial system safer, ...

Bloomberg has won LIBOR Solution of the Year and Pricing and Trading System of the Year at the prestigious 2023 Asia Risk Awards, which recognizes leading practices in risk management and derivatives ...