Libor, or the London Interbank Offered Rate, will no longer be used for new derivatives and loans as of Jan. 1. The benchmark and reference rate, which had $265 trillion linked to it globally at the ...

Just when the banking industry was hoping to loosen some of the postcrisis regulatory reforms and get back to business as usual, the scandal surrounding the manipulation of Libor virtually guarantees ...

A lot of the coverage of the LIBOR scandal has focused on the ways that Barclays tried to manipulate LIBOR lower during the financial crisis, to make the bank look more secure. This has led some ...

The interest rate scandal surrounding England’s Barclays Bank is corruption like we’ve never seen it before. By signing up, you confirm that you are over the age of 16 and agree to receive occasional ...

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 ...

Even with all that the proposed legislation does to curb litigation and provide legal certainty for the parties to LIBOR-based contracts, economically aggrieved parties may still be financially ...

See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. Former Citigroup and UBS trader Tom Hayes has become the first person ...

Financial institutions around the world are caught up in a scandal concerning the manipulation of an esoteric interest rate, the London Interbank Offered Rate (LIBOR). LIBOR affects the payout of ...

Former Barclays chairman Marcus Agius faced the Parliamentary Treasury Select Committee on the LIBOR scandal in London in July. Photo by Jason Alden/Bloomberg via Getty Images. One of the biggest ...