For half a century the series of interest rates known collectively as the London interbank offered rate, or Libor, has helped determine the cost of all sorts of borrowing around the world. But over ...

On March 25, 2021, the Alternative Reference Rates Committee (the “ARRC”) issued supplemental guidance to its recommended hardwired fallback language for U.S. dollar LIBOR denominated syndicated and ...

On April 6, 2021, New York Governor Cuomo signed into law legislation aimed to provide legal certainty and curb litigation as LIBOR is discontinued in favor of another fallback benchmark rate.[1] ...

Mortgage lenders are preparing for the end of LIBOR, which is set to be phased out by the end of 2021. Financial institutions have been searching for alternatives since regulators in the United ...

Regulators recently gave lenders and market-makers definitive guidance on the end game for Libor, the tainted interest-rate benchmark, tied to trillions of dollars in loans, credit cards and ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

What we know about LIBOR replacement today: LIBOR is expected to be discontinued after 2021 as a result of regulators pushing participants to move away from what has been an industry benchmark for ...

We’re a couple months into the North Atlantic hurricane season which lasts to November 30. It has been 12 years since the US was struck by a major hurricane (Category 3 or higher), but that doesn’t ...

Before I interviewed for my investment-banking job at Citigroup, I called an acquaintance in the finance industry for advice. I had gained the interview by way of nepotism and was given little time to ...

For more than 40 years, the London Interbank Offered Rate, or LIBOR, has been a key benchmark for setting the cost of floating-rate debt around the world. LIBOR also plays a big role in pricing debt ...

LONDON, ENGLAND - June 28, 2012. Barclays Bank Fined Over Libor. (Photo by Oli Scarff/Getty Images) Libor is on the verge of becoming Bernie from Weekend at Bernie’s—a corpse being propped up for yet ...

"If you want to be successful on the highest level, be willing to serve on the lowest." That is a great statement for companies who take charity work to heart. Taking liberties with the term “lowest,” ...