USD LIBOR is the last step in the long and winding road that has been LIBOR’s slow demise over the last several years as all other LIBOR instruments worldwide have already substantially transitioned.
Discover Financial Services DFS disclosed Tuesday that it expects increases in one-month London Interbank Offered Rate, or LIBOR, to result in a reduction in its securitization income for the fourth ...
The Federal Reserve Board said today it has adopted a final rule to implement the Adjustable Interest Rate (LIBOR) Act. The final rule identifies benchmark rates based on the Secured Overnight ...
As everyone knows, the remaining USD LIBOR tenors will expire on June 30, 2023. Also as everyone knows, the CFPB issued a final rule in December 2021, modifying Regulation Z to reflect the transition ...
CHICAGO (MarketWatch) -- The one-week London Interbank Offering Rate, or LIBOR, was 2.814 percent Thursday, up 1.99. The one-month LIBOR was 2.850 percent, up 0.56; the two-month LIBOR was 2.960 ...
LONDON (Dow Jones)--The cost of borrowing longer-term U.S. dollars in the London interbank market continued to fall Thursday, hitting its lowest rate since the British Bankers' Association first ...
MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bancorp (NYSE: USB) announced today that, after June 30, 2023, 3-month CME Term SOFR, as administered by CME Group Benchmark Administration, Ltd. (or any successor ...
The Federal Housing Administration (FHA) on Wednesday published the “Adjustable Rate Mortgages: Transitioning from LIBOR to Alternate Indices” final rule in the Federal Register, providing ...
NEW YORK--(BUSINESS WIRE)--The UK Financial Conduct Authority announced that the three-month USD LIBOR settings will either cease publication or no longer be representative after June 30, 2023. UBS AG ...