LONDON — The British banking lobby responsible for setting Libor said it was happy to hand over the task to regulators, days ahead of an expected U.K. proposal to take tighter control of the ...

Former Barclays Bank Chief Executive Bob Diamond leaves after giving evidence to the British Treasury Select Committee in London, on July 4, 2012. Former Barclays chief executive Bob Diamond ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Timothy Li is a consultant, accountant, and finance manager with an MBA from USC and over 15 ...

Following investigations into Barclays’ manipulation of London Interbank Offered Rates (Libor), CFR’s Sebastian Mallaby highlights three implications from the unfolding scandal: Conflicts of Interest ...

BOSTON (Reuters) - The investment chief of Calpers, the largest U.S. public pension fund, threatened a lawsuit if the fund was harmed by banks' manipulations of the London InterBank Offered Rate, or ...

The logo of Swiss bank UBS is seen on a building in Zurich December 19, 2012. Swiss bank UBS admitted fraud and accepted a $1.5 billion fine on Wednesday for its role in manipulating global benchmark ...

(Reuters) - Libor, the London interbank offered rate, is a global benchmark for interest rates on everything from credit cards to trillions of dollars in financial derivatives and is at the heart of a ...

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LONDON (AP) — Britain’s financial regulator on Friday launched a quick review of the London interbank offered rate (LIBOR), the interest rate index that has been subject of a global scandal, raising ...

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 ...

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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 ...