The Secured Overnight Financing Rate (SOFR) to Replace LIBOR
For new transactions as of April 1, 2018, the old IBOR will continue to be used for existing swaps and loans. As of today, The New IBOR (SOFR) will be used to measure the cost of borrowing...
FIRST TRIAL IN LIBOR MANIPULATION CASES
The news came across the tape as London opened. The judge returned a guilty verdict in the LIBOR rigging case. This was the first LIBOR rigging case that went to trial. The defendant was sentenced to spend 14 years behind...
After 7 years of preparation, the UK courts are bringing individuals to trial as the LIBOR scandal heads to court.
SUSPICIOUS DEATHS & SUICIDES
You may recall during 4Q13 and 1Q14 when 12 bankers committed suicide. The stories are as varied as they are sordid. The media...
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