LIBOR

Britain’s main financial regulator said today that a key benchmark interest rate will be phased out by the end of 2021. LIBOR, the London Interbank Offered Rate, was badly damaged a few years ago in a multibillion dollar rate-rigging scandal. The Brits hope a new benchmark, called SONIA — the Sterling Over Night Index Average — will take […]

Currency traders are suspected of using a little known number called the "4 p.m. Fix" to manipulate one of the world's largest markets.

The British government is trying to prohibit The Wall Street Journal from publishing the names of trades implicated in the LIBOR scandal.

LIBOR is back in the headlines. How does today's news impact me?

The contract to run the London Interbank Offered Rate or LIBOR — one of the key benchmarks in the global financial system — has been awarded to NYSE Euronext.

First there was the rigging of the interest rate known as LIBOR. Now there may be collusion on currency exchange rates.