WASHINGTON (Reuters) - A former senior trader at Rabobank [RABN.UL] pleaded guilty on Monday to participating in a scheme to manipulate the yen Libor rate, becoming the second employee of the ...

[Asia Economy Reporter Park Sun-mi] With the LIBOR rate calculation set to be discontinued in January next year, financial authorities and major banks are in the final stages of preparation. Banks are ...

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 ...

The London Interbank Offer Rate, commonly known as Libor, has been called "the world's most important number." It is the basis for calculating interest rates on everything from mortgages to student ...

The recent onslaught of LIBOR litigation raises two important issues for potential plaintiffs considering individual lawsuits outside the existing class actions. The first relates to remedy. The ...

• 3-month U.S. dollar Libor has increased by 0.2% over the past two months, which carries almost the same impact as a full rate hike, even though the Fed has not raised rates since ­December 2015. • ...

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 lawyers, accountants and the numerous outfits that assist them, the Wall Street scandals of recent years have provided a gold mine of work. But the fiasco with LIBOR could prove to be the mother ...

Two Societe Generale bankers were indicted for spreading misleading data related to the interest rate benchmark LIBOR, the U.S. Department of Justice said in a statement Thursday. Danielle Sindzingre, ...

Michael C. Miller, a partner at Steptoe & Johnson, and Lara Romansic, of counsel at the firm, discuss rescission, which may be a potential solution to the determination of damages caused by LIBOR ...