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 ...

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 ...

On October 23, Hayes filed a $400 million lawsuit against UBS in Connecticut state court for allegedly wrongly casting him as the “evil mastermind” responsible for Libor rate manipulation to protect ...

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 ...

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 ...