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 ...

LONDON (Reuters) - Standard Chartered won its bid in a London court on Tuesday to replace the financial benchmark it used to set dividend rates for some shares, which the bank said provided "clarity" ...

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 ...

LONDON, March 25 (Reuters) - Tom Hayes, the first trader ever jailed for interest rate rigging, launched a bid to clear his name at Britain's top court on Tuesday, arguing it was not automatically ...

Tom Hayes, the former UBS and Citigroup rates trader who was the first person to be jailed for rigging Libor interest rates, had his conviction overturned on Wednesday by the UK's top court, ending ...

Tom Hayes, the former British trader jailed over the Libor interest rate scandal, has filed a $400 million lawsuit against UBS, alleging "malicious prosecution and corporate scapegoating" by his ...

WASHINGTON (AP) — A group of top U.S. regulators says the manipulation of a key global interest rate poses a risk to U.S. financial stability and are urging officials worldwide to work together to ...

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 ...

LONDON, Sept 28 (Reuters) - Britain's top financial regulator will deliver a stinging attack on the banks that rigged the Libor interest rate and the trade body that oversees it on Friday and lay out ...

LONDON (Reuters) - The tarnished Libor interest rate benchmark should be replaced with a range of reference rates based on actual market transactions by banks, a global group of central bankers said ...