Highlights:,LIBID is the rate at which banks seek deposits in the London Euro market.,It serves as the counterpart to the London Interbank Offered Rate (LIBOR).,LIBID plays a crucial role in interbank ...

Floating rate preferreds, initially created in a zero interest rate environment, now yield around 10%. Click here to find out ...

Former City traders convicted of the rate-rigging scandal are now playing their last card this week by taking their case to the highest court ...

Hayes, 45, was sentenced to 15 years in prison, later lowered to 11 years, for conspiring to rig the London Interbank Offered Rate (Libor), between 2006 and 2010. One of 38 traders prosecuted for ...

Here is what’s at stake as a lesser-known “basis trade” came undone this week, just before President Trump’s mini-pivot on ...

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 ...

SOFR is the new, more transparent benchmark rate that replaced the scandal-plagued London Interbank Offered Rate, or “LIBOR,” over the past few years. Hedge funds and other investors started ...

Hayes was charged with, and then convicted of, eight counts of conspiracy to defraud by unlawfully manipulating the yen Libor (London Interbank Offered Rate), an interest rate set daily after ...

But in hindsight, these worked out well. Take another example. The London Interbank Offered Rate (Libor), once a global lending benchmark, was determined by a process called ‘fixing,’ and had ...

History of the SOFR For some time, the London Interbank Offered Rate (LIBOR) served as the benchmark for global interest rates. However, because of its reliance on bank estimates rather than real ...

In the wake of President Donald Trump’s tariff rollout last week, trillions of dollars have been erased from stock markets, Wall Street deal-making has seized up, hedge funds have liquidated some of ...