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Key Credit Gauge Loses Clout
Keywords:
In the 2008 financial crisis Libor went up from 2.81% to 4.82% in a six week period. By contrast during the current eurozone crisis Libor has failed to reflect the problems in credit markets. Three month Libor was 0.24975% on July 14, 2011.
LIBOR reforms 2012-2013
05/29/2008
Grouped Articles
Wall Street Journal 07/15/2011
NYSE Euronext to Take Over Libor
Wall Street Journal 07/10/2013
NYSE Euronext to Take Over Administration of LIBOR
New York Times 07/09/2013
After Fraud, the Fog Around Libor Hasnât Lifted
New York Times 10/31/2013
U.K. to Criminalize Manipulation of Financial Benchmarks
Wall Street Journal 12/23/2014
Libor Furor: Key Rate Gets New Scrutiny
Wall Street Journal 09/28/2012
Barclays $450 million settlement for manipulating the LIBOR rate and other settlements
05/29/2008
Grouped Articles
Wall Street Journal 07/15/2011
Barclays's Hector Sants Takes Leave of Absence for Stress
Wall Street Journal 10/16/2013
Dutch Bank Settles Case over Libor Deceptions
New York Times 10/29/2013
After Fraud, the Fog Around Libor Hasnât Lifted
New York Times 10/31/2013
Europe Sets Big Fines In Settling Libor Case
New York Times 12/04/2013
U.K. to Criminalize Manipulation of Financial Benchmarks
Wall Street Journal 12/23/2014
Deutsche Bank and the LIBOR investigation in 2013
07/15/2011
Grouped Articles
Wall Street Journal 07/15/2011
Dutch Bank Settles Case over Libor Deceptions
New York Times 10/29/2013
Deutsche Bank Hit By Legal Costs
Wall Street Journal 10/30/2013
After Fraud, the Fog Around Libor Hasnât Lifted
New York Times 10/31/2013
Europe Sets Big Fines In Settling Libor Case
New York Times 12/04/2013
Executive Who Committed Suicide Anxious Amid Deutsche Bank Probes
Wall Street Journal 03/26/2014
Swiss Bank UBS and the $1.5 billion LIBOR rate manipulation settlement
05/29/2008
Grouped Articles
Wall Street Journal 07/15/2011
Dutch Bank Settles Case over Libor Deceptions
New York Times 10/29/2013
U.K. to Criminalize Manipulation of Financial Benchmarks
Wall Street Journal 12/23/2014
Former Trader Tom Hayes Sentenced to 14 Years for Libor Rigging
Wall Street Journal 08/04/2015
UBS Admits Rigging Rates in 'Epic' Plot
Wall Street Journal 12/20/2012
Wall Street Journal 05/29/2008
The European Commission's regulatory authorites and LIBOR
05/29/2008
Grouped Articles
Wall Street Journal 07/15/2011
Dutch Bank Settles Case over Libor Deceptions
New York Times 10/29/2013
Europe Sets Big Fines In Settling Libor Case
New York Times 12/04/2013
U.K. to Criminalize Manipulation of Financial Benchmarks
Wall Street Journal 12/23/2014
EU Calls for Close Oversight of Key Gauges
Wall Street Journal 07/25/2012
New York Times 08/06/2012
The LIBOR investigation in the U.S.
05/29/2008
Grouped Articles
Wall Street Journal 07/15/2011
U.K. to Criminalize Manipulation of Financial Benchmarks
Wall Street Journal 12/23/2014
Wall Street Journal 07/11/2012
Q. and A.: Understanding LIBOR
New York Times 07/10/2012
Wall Street Journal 07/12/2012
New York Fed May Shed Light on Libor Scandal
Wall Street Journal 07/12/2012
The WSJ's May 2008 study that set off the LIBOR investigation
05/29/2008
The analysis by the WSJ using credit default insurance showed banks were lowballing the rate they reported daily to the British Bankers Association as part of a 16 bank panel. The apparent intention was to protect perception of the bank's health during the financial crisis. Investigations later showed the other motive was to increase trading profits at banks such as UBS. WSJ analysis showed banks rates clustering together showing possible collusion in setting the rates. Banks which lowballed the most in the WSJ analysis were Citigroup, HBOS, UBS, WestLB, JP Morgan Chase. West LB, Citigroup and HBOS, were considered banks with higher risks during the financial crisis. The LIBOR or London Interbank Offered Rate helps determine the rate for trillions of dollars of transactions in financial markets ranging from home securities, home and auto loans to derivatives and swaps and is critical for the integrity of financial markets worldwide.
Grouped Articles
Wall Street Journal 07/15/2011
U.K. to Criminalize Manipulation of Financial Benchmarks
Wall Street Journal 12/23/2014
Former Trader Tom Hayes Sentenced to 14 Years for Libor Rigging
Wall Street Journal 08/04/2015
U.K. Serious Fraud Office Plans More Libor Charges in the Fall
Wall Street Journal 08/05/2015
Wall Street Journal 05/29/2008
UBS $1 billion legal settlement with global regulators for manipulating LIBOR rates
05/29/2008
Grouped Articles
Wall Street Journal 07/15/2011
Dutch Bank Settles Case over Libor Deceptions
New York Times 10/29/2013
After Fraud, the Fog Around Libor Hasnât Lifted
New York Times 10/31/2013
U.K. to Criminalize Manipulation of Financial Benchmarks
Wall Street Journal 12/23/2014
Former Trader Tom Hayes Sentenced to 14 Years for Libor Rigging
Wall Street Journal 08/04/2015
UBS in Talks Over $1 Billion Penalty
Wall Street Journal 12/14/2012
New rules for setting the London Interbank Offered Rate (LIBOR)
05/29/2008
Grouped Articles
Wall Street Journal 07/15/2011
NYSE Euronext to Take Over Libor
Wall Street Journal 07/10/2013
After Fraud, the Fog Around Libor Hasnât Lifted
New York Times 10/31/2013
U.K. to Criminalize Manipulation of Financial Benchmarks
Wall Street Journal 12/23/2014
Barclays's Agius Is Stepping Down
Wall Street Journal 07/02/2012
Chief Executive of Barclays Resigns
New York Times 07/03/2012
Britain's Serious Fraud office and its investigation into improper LIBOR rate setting by Barclays and other banks
05/29/2008
Grouped Articles
Wall Street Journal 07/15/2011
Dutch Bank Settles Case over Libor Deceptions
New York Times 10/29/2013
Osborne Promises More Regulatory Powers to Split Up British Banks
New York Times 02/04/2013
U.K. to Criminalize Manipulation of Financial Benchmarks
Wall Street Journal 12/23/2014
Former Trader Tom Hayes Sentenced to 14 Years for Libor Rigging
Wall Street Journal 08/04/2015
U.K. Serious Fraud Office Plans More Libor Charges in the Fall
Wall Street Journal 08/05/2015
RBS and the legal settlement for manipulating LIBOR rates
07/15/2011
Grouped Articles
Wall Street Journal 07/15/2011
Dutch Bank Settles Case over Libor Deceptions
New York Times 10/29/2013
U.K. to Criminalize Manipulation of Financial Benchmarks
Wall Street Journal 12/23/2014
U.S. Wants Criminal Charges for RBS
Wall Street Journal 01/29/2013
Wall Street Journal 02/07/2013
The British Bankers' Association (BBA) and management of LIBOR
05/29/2008
A decision by th BBA to discontinue managment of LIBOR in Sept 2012.
Grouped Articles
Wall Street Journal 07/15/2011
NYSE Euronext to Take Over Libor
Wall Street Journal 07/10/2013
NYSE Euronext to Take Over Administration of LIBOR
New York Times 07/09/2013
U.K. to Criminalize Manipulation of Financial Benchmarks
Wall Street Journal 12/23/2014
British Banks Step Back From Libor Role
Wall Street Journal 09/26/2012
Wall Street Journal 05/29/2008
The Labor party, Conservative party, and the Bank of England in the fallout from the manipulation of LIBOR rates by Barclays
05/29/2008
Grouped Articles
Wall Street Journal 07/15/2011
U.K. to Criminalize Manipulation of Financial Benchmarks
Wall Street Journal 12/23/2014
Former Trader Tom Hayes Sentenced to 14 Years for Libor Rigging
Wall Street Journal 08/04/2015
U.K. Serious Fraud Office Plans More Libor Charges in the Fall
Wall Street Journal 08/05/2015
The Unraveling of Tom Hayes Part Five The Trial
Wall Street Journal 09/18/2015
The Unraveling of Tom Hayes Part Five The Trial
Wall Street Journal 09/18/2015
The responsibility of regulators in the manipulation of LIBOR rates by banks
05/29/2008
Grouped Articles
Wall Street Journal 07/15/2011
U.K. to Criminalize Manipulation of Financial Benchmarks
Wall Street Journal 12/23/2014
Former Trader Tom Hayes Sentenced to 14 Years for Libor Rigging
Wall Street Journal 08/04/2015
The Unraveling of Tom Hayes Part Four The Waiting Game
Wall Street Journal 09/16/2015
The Unraveling of Tom Hayes Part Two The Gambler
Wall Street Journal 09/14/2015
Bank Scandal Turns Spotlight to Regulators
New York Times 07/09/2012
Treasury Secretary Geithner and the LIBOR investigation in the U.S.
05/29/2008
Grouped Articles
Wall Street Journal 07/15/2011
Obama, Geithner Get Low Grades From Economists
Wall Street Journal 03/11/2009
U.K. to Criminalize Manipulation of Financial Benchmarks
Wall Street Journal 12/23/2014
Geithner drawn into Libor scandal - The Washington Post
Washington Post 07/13/2012
Geithner Wrote Libor Memo in 2008
Wall Street Journal 07/13/2012
Geithner Tried to Curb Rate Rigging in 2008
New York Times 07/12/2012
LIBOR (the London interbank offered rate) and its diminishing importance in gauging global financial health
05/29/2008
During the 2008 crisis the libor rate jumped sharply. In today's financial markets with banks flush with cash the borrowing between banks has dropped significantly, making libor less useful.
Grouped Articles
U.K. to Criminalize Manipulation of Financial Benchmarks
Wall Street Journal 12/23/2014
Barclays's Agius Is Stepping Down
Wall Street Journal 07/02/2012
Wall Street Journal 07/15/2011
Chief Executive of Barclays Resigns
New York Times 07/03/2012
New York Times 07/02/2012
Wall Street Journal 06/28/2012
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