[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 ...

CHARLOTTE, N.C., June 26, 2023 /PRNewswire/ -- Bank of America Corporation ("BAC") (NYSE: BAC) and BofA Finance LLC ("BofA Finance") have issued and outstanding certain debt securities and ...

Chairman Sherman, Ranking Member Huizenga, and members of the subcommittee, thank you for the opportunity to appear today. My testimony will discuss the importance of ensuring a smooth, transparent, ...

At Risk.net‘s Libor Virtual Week, the UK Financial Conduct Authority’s (FCA’s) head of markets policy, Edwin Schooling Latter, reminded us that, under the supplement, any announcement of Libor ...

Singapore’s key benchmark for interest rate swaps could be replaced by an alternative version that applies a spread adjustment over the US dollar risk-free rate to preserve the present value of ...

In 2012, the London interbank offered rate -- Libor -- gained worldwide notoriety when it emerged that traders had conspired to manipulate this vital financial benchmark. Clearly, the system was ...

Three Barclays senior managers, including the head of its Japanese unit, are being questioned by the Serious Fraud Office as part of a new criminal investigation into Libor rigging. According to the ...

Aformer senior trader at Rabobank pleaded guilty on Monday to participating in a scheme to manipulate the yen Libor rate, becoming the second employee of the Dutch-based lender to admit guilt in a US ...