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 ...

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 ...

Within the financial sector, few topics are hotter right now than the manipulation of the London Interbank Offered Rate, or Libor. Libor, essentially, is the average benchmark for different interest ...

When the LIBOR interest-rate fixing scandal broke wide open over the summer, I asked whether it was “The Crime of the Century.” The answer to that question relied on whether banks were understating ...

The LIBOR money-market rates, widely used around the world as the benchmark for interest rates on mortgages, credit cards and billions of dollars worth of other financial transactions, will be cleaned ...

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 ...

For so long have senior bankers been telling investors, creditors, rating agencies, customers and anyone else who will listen that they just need interest rates to rise and banks will be much better ...

*Refers to the latest 2 years of stltoday.com stories. Cancel anytime. R.J. Matson/Post-Dispatch, July 17, 2012 It long has been our theory that the Monica Lewinsky scandal resulted in the impeachment ...

Tom Hayes launches legal action against UBS, seeking $400 million in damages and alleging the Swiss bank made him the fall guy in the Libor rate-rigging scandal.

UBS declined to comment on the lawsuit, which is dated Oct. 23. Late Monday, Hayes filed a nearly identical case in New York state court. His lawyers did not ...