LIBOR

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LIBOR, the London Interbank Offered Rate, is the average interest rate estimated by leading banks in London that they would be charged if borrowing from other banks.

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The likely replacement for Libor may be just as prone to abuse

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Following the investigations into alleged manipulation of the London Interbank Offered Rate (Libor), in July the head of the Financial Conduct Authority (FCA), Andrew Bailey, announced plans to abandon this “unsustainable” benchmark, and transition to an alternative rate.

SocGen bankers indicted

Societe General Sign

Two Societe Generale bankers in France were charged in New York with rigging the London interbank offered rate as U.S. prosecutors press ahead with a seven-year international probe into manipulation of the benchmark rate despite a recent setback that makes it tougher for them to win cross-border cases.

Ex-Barclays trader in bid for appeal

Barclays Sign

A second convicted Libor trader submitted his case to an independent U.K. criminal review body in a bid for an appeal after the panel accepted the case of Tom Hayes, who became the best known banker in the scandal.

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Societe General Sign

SocGen bankers indicted

Two Societe Generale bankers in France were charged in New York with rigging the London interbank offered rate as U.S. prosecutors press ahead with a seven-year international probe into manipulation of the benchmark rate despite a recent setback that makes it tougher for them to win cross-border cases.

Barclays Sign

Ex-Barclays trader in bid for appeal

A second convicted Libor trader submitted his case to an independent U.K. criminal review body in a bid for an appeal after the panel accepted the case of Tom Hayes, who became the best known banker in the scandal.

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FCA Logo

The likely replacement for Libor may be just as prone to abuse

Following the investigations into alleged manipulation of the London Interbank Offered Rate (Libor), in July the head of the Financial Conduct Authority (FCA), Andrew Bailey, announced plans to abandon this “unsustainable” benchmark, and transition to an alternative rate.