Within the financial sector, few topics are hotter right now than the manipulation of the London Interbank Offered Rate, or Libor. Libor, essentially, is the average benchmark for different interest ...

Discover how MIFOR, the Mumbai Interbank Forward Offer Rate, influenced Indian banking with forward agreements and ...

Libor is calculated for multiple terms each day by the British Bankers’ Association based on submissions received from 16 global banks. The four highest and the four lowest submissions are disregarded ...

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 ...

— -- A new scandal in the banking industry is undermining its image, already tarnished by rogue trading at JPMorganChase and the 2008 subprime mortgage collapse. At the heart of the scandal: ...

On Dec. 4 several world banks were implicated in an interest rate fixing scheme that amounted to, in the words of the European Commission, a financial world “illegal cartel,” and were ordered to pay ...

LONDON - Barclays Chief Executive Bob Diamond resigned Tuesday, the biggest scalp in a financial markets scandal that has ripped through the bank's senior management and sown the seeds for a new ...

LONDON (AP) – Britain’s financial regulator has laid out a 10-point plan to overhaul a key global interest rate, following a scandal that engulfed Barclays bank and cost the job of its chief executive ...

Do sparks fly when you drill a Diamond? It’s a question bankers and politicians were keen to answer as Bob Diamond, Barclays’ former chief executive, appeared before Parliament’s Treasury Select ...

Discover the history, functionality, and transition of Euro LIBOR, the euro-denominated interbank rate, and its replacement in European financial markets.

Soccer has been whacked with its version of the Libor scandal. The revelation that 680 European and World Cup matches may have been rigged invites comparison with bankers’ manipulation of benchmark ...

LONDON, Jan 24 (Reuters Breakingviews) - ICAP’s Libor woe comes at an awkward time for the broking industry. The London-based inter-dealer broker is being investigated by the Financial Services ...