The Financial Stability Board has urged market participants to act promptly to ensure that their USD LIBOR-linked contracts are transitioned to a new reference rate by the end of June deadline. With ...
In a decision with general importance to financial markets, Standard Chartered Plc v Guaranty Nominees Limited and others [2024] EWHC 2605 represents the first time that the English court has ruled on ...
Any reference to a specified source for USD LIBOR shall be replaced with the publication of the applicable Board-selected benchmark replacement (inclusive of the applicable tenor spread adjustment) by ...
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What was the LIBOR rate, and what happened to it?
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 ...
WOODLAND HILLS, Calif., Sept. 4, 2025 /PRNewswire/ -- Farmers Insurance Exchange (the "Farmers Exchange") today announced the following: In October, 2017, Farmers Exchange issued $400 million ...
MEMPHIS, Tenn., April 25, 2023 /PRNewswire/ -- First Horizon Corporation (FHN) (NYSE: FHN or "First Horizon") today announced that, after June 30, 2023, US dollar LIBOR will be replaced with CME Term ...
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