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 ...

In an update earlier last year, we highlighted the ongoing legal developments in connection with key cases surrounding the ...

MEMPHIS, Tenn., April 25, 2023 /PRNewswire/ -- First Horizon Corporation (FHN) (NYSE: FHN or "First Horizon") today announced that, after June 30, 2023, US dollar LIBOR will be replaced with CME Term ...

NEW YORK, June 9, 2023 /PRNewswire/ -- Credit Suisse AG (USOI) announced today that, following June 30, 2023, CME Term SOFR will be the replacement reference rate for its outstanding New York ...

A jumbo countdown timer has been sitting on Tom Wipf’s desk in Morgan Stanley’s New York office for the past four years, ticking down the seconds until midnight on June 30. That is the moment when the ...

Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Euro LIBOR was the London Interbank Offered Rate (LIBOR) denominated in euros.

As if they didn’t have enough to deal with, banks are faced with a succession of serious challenges over the next two years as they face up to the reality of the end of Libor. Firstly, they must ...

The USD LIBOR Securities listed in Annex 1 to this press release contain fallback provisions that provide for (1) a poll or inquiries for quotes or information related to USD LIBOR or (2) benchmark ...

During the transition of the London InterBank Offered Rate (LIBOR) to the approved substitute benchmark in the United States, the Secured Overnight Financing Rate (SOFR), a basic question was raised ...

Any reference to a specified source for USD LIBOR shall be replaced with the publication of the applicable Board-selected benchmark replacement (inclusive of the applicable tenor spread adjustment) by ...