News stories tagged LIBOR

BRIEFLY: Banking agencies urge stop to LIBOR use now

(Dec. 4, 2020) Banks, “as soon as practicable,” should cease entering into new contracts that employ LIBOR as a reference rate in loan contracts, the three federal banking agencies said...

Momentum growing for abandonment of LIBOR

The forward motion to officially sideline LIBOR (London Interbank Offering Rate) as a reference rate for such financial products as adjustable mortgages and others continued this week with two top...