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By Liam Vaughan, Bloomberg |
August 21, 2012
Every two months, representatives from the world’s largest banks meet at an undisclosed location to review the London interbank offered rate.
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By Caroline Salas Gage |
August 9, 2012
It was ultimately up to the British to deal with the manipulation of Libor, as only three of the 18 banks that set the London interbank offered rate are based in the U.S.
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By Joseph Ciolli, Bloomberg |
August 8, 2012
The euro weakened against its most-traded counterparts as a drop in German industrial production, lower U.K. growth forecasts and ratings cuts for Spain and Italy raised concern Europe’s sovereign-debt crisis is worsening.
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By Jennifer Ryan and Scott Hamilton, Bloomberg |
August 8, 2012
Bank of England Governor Mervyn King signaled continued support for Prime Minister David Cameron’s budget squeeze as he cut forecasts for economic growth and said Britain’s recovery will be a “slow process.”
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By Gary Gensler |
August 7, 2012
In an op-ed written for "The New York Times," CFTC Chairman Gary Gensler proposes that we need to move away from Libor for setting interest rates and instead look to other benchmarks.
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By John Detrixhe, Bloomberg |
July 19, 2012
Barclays Plc’s admission that it rigged the London interbank offered rate shows regulators, central bankers and politicians weren’t paying attention when everyone from Citigroup Inc. to the Bank for International Settlements indicated that the measure was being manipulated.
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By Cheyenne Hopkins and Caroline Salas Gage, Bloomberg |
July 13, 2012
Timothy F. Geithner sent Bank of England Governor Mervyn King recommendations in 2008 to revamp the London interbank offered rate
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By Simon Kennedy, Bloomberg |
July 5, 2012
Global central banks went on the offensive against the faltering world economy, cutting interest rates and increasing bond buying as a round of international stimulus gathers pace.
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By Lucy Meakin, Bloomberg |
June 26, 2012
The pound climbed to the strongest this month against the euro amid speculation European Union leaders meeting this week will fail to agree on measures to stop the region’s debt crisis from spreading.
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By Alex Kowalski, Bloomberg |
June 20, 2012
The U.S. economy may be on the cusp of a pickup in productivity that will make it more difficult for Federal Reserve policy makers to reduce unemployment.
