NEW YORK, July 10, 2025--(BUSINESS WIRE)--Capitolis, the financial technology company, announced today that it has successfully completed its run of multilateral exercises to transition legacy USD ...

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 ...

17 global dealers transition their legacy LIBOR swaption inventory, multilaterally switching more than 17,000 trades Capitolis, the financial technology company, announced today that it has ...

(Bloomberg) -- The biggest issuers of bonds tied to the benchmark tapped to replace U.S. dollar Libor are suddenly pulling back. That’s a potential blow to efforts by regulators to wean America’s ...

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved two formulas for transition from London Interbank Offered Rate (LIBOR) to Secured Overnight Financing Rate (SOFR) for ...

BUFFALO, N.Y., June 14, 2023 /PRNewswire/ -- M&T Bank Corporation (MTB) (NYSE: MTB, M&T) announced today that CME Term SOFR will be the replacement reference rate for certain outstanding floating rate ...

The global $1 trillion market for collateralized loan obligations is lagging behind in the transition away from the London interbank offered rate. While some companies, lenders and markets have moved ...

ISM Services PMI Drops To 49.9; U.S. Dollar Tests Session LowsWed, 04 Jun 2025 14:34:04 GMT ADP Report: U.S. Job Growth Slows Sharply to 37K in May as Labor Market CoolsWed, 04 Jun 2025 12:28:32 GMT ...

We take a look at the action in preferreds and baby bonds through the fourth week of September and highlight some of the key themes we are watching. Preferred stocks were on the week with credit ...

On Thursday, the risk-free rate working group at the Bank of England published its priorities for the transition away from Libor to Sterling’s risk-free replacement interest rate, Sonia. Making a firm ...