What was LIBOR? The London Interbank Offered Rate reflected how much banks paid to borrow from each other. Each business day until June 2023, major institutions like JPMorgan and Barclays ...

In the lead-up to Libor’s final phaseout, particularly in late 2022 and early 2023, many leveraged loan issuers moved quickly to switch their benchmarks to the Secured Overnight Financing Rate ...

Britain's financial regulator said on Friday that it was dropping proceedings against Tom Hayes and revoking Carlo Palombo's ban from the financial service industry, after the country's top court ...

Tom Hayes has won a final bid to quash a conviction that made him the first trader jailed for Libor interest rate rigging, after a decade spent trying to clear his name. The UK's Supreme Court ...

With new arrests in London, the investigations over manipulation of LIBOR – the London interbank lending rate that is central to the global financial system – are heating up again.

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 dishonest to take into ...