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Crypto’s Path Forward Could Follow the Financial World's Departure From LIBOR
CoinDesk via Yahoo Finance· 10 months agoThe world is officially done with the London Interbank Offered Rate (LIBOR), which was a benchmark...
LIBOR successor in home stretch for transition in giant US swaps market
Reuters via Yahoo Finance· 1 year agoA decade after a manipulation scandal turned global regulators and investors against the London...
U.S. throws out Libor-rigging charges against Hayes
Reuters via Yahoo Finance· 2 years agoA New York judge has dismissed criminal charges against Tom Hayes, the British trader who became the face of the global Libor interest rate scandal. The...
What is a 10/1 adjustable-rate mortgage (ARM)?
Bankrate via AOL· 3 months agoKey takeaways A 10/1 adjustable-rate mortgage has a fixed interest rate for the first 10 years, then it changes annually for the remainder of the 30-year...
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
Associated Press via Yahoo News· 3 months agoA British financial trader, who has been described as the ringleader in the manipulation of a key...
UPDATE 1-Ex UBS trader Hayes allowed to appeal Libor conviction
Reuters via Yahoo Finance· 11 months ago* "Real possibility" Hayes' conviction will be overturned-CCRC * Hayes was convicted in 2015, applied to CCRC in 2017 * Hayes "delighted", vows to continue fight for justice * Ex Euribor trader ...
Lloyds, property entrepreneur, settle $1.64 billion London dispute
Reuters via Yahoo News· 4 months agoLloyds and a property entrepreneur, who sued the bank for 1.3 billion pounds ($1.6 billion) over...
Euribor overhaul to attract more banks will start in May
Reuters via Yahoo Finance· 3 months agoAfter a series of rigging scandals shredded the reputation of interbank rates, Euribor's larger...
Bank of America takes temporary $1.6B hit over use of short-lived rate
American Banker via Yahoo Finance· 5 months agoThe megabank will report a hit to its earnings this Friday from what one analyst called an...
How Much Is Citibank Worth?
GoBankingRates via AOL· 2 years agoCitibank's net worth is over $300 billion, taking into account its revenue, profits, assets and debts. Here's what you need to consider before investing.