Barclays' misconduct relates to the daily setting of the London Interbank Offered Rate (Libor) and the Euro Interbank Offered Rate (Euribor).
Such a deal would make UBS the second financial institution this year to admit to manipulating the London interbank offered rate, Libor.
FORBES: Libor Scandal Extended To UBS: Bank Reportedly Near $450M Settlement With Regulators
The London Interbank Offered Rate (LIBOR) hit a 10-month high of 0.53781%.
The variable rate is keyed to the London Interbank Offered Rate (Libor).
Fortunately, there is at least one indicator that bodes well: the London interbank offered rate (Libor), which banks charge each other to lend.
Still there was some good news as the overnight London interbank offered rate (LIBOR)--a critical measure of credit availability-- fell to 2.47%, from 5.09%, on Thursday.
The immediate challenge for central bankers is how to curb the unusual spike in the cost that banks charge to lend to each other, via the London Interbank Offered Rate (LIBOR).
The three-month London Interbank Offered Rate, or LIBOR, dropped to 4.50 percent from Wednesday's 4.55 percent.
Comparing variable-rate loans can be tricky because some private student lenders tie rates to the prime rate while others use the one-month or three-month London interbank offered rate, or Libor.
The London Interbank Offered Rate, or LIBOR, is a measure of credit availability because a lot of lenders use it as a peg to set their interest rates, and it rose yesterday.
The overnight London interbank offered rate, or libor, for dollar lending fell for the second day in a row, to 1.99% on Friday, from 2.68%, but the three-month lending rate increased to 4.33%, from 4.21%, the British Bankers Association said.
U.S., U.K. and other banking regulators have been investigating allegations that more than a dozen banks, including Deutsche Bank, rigged the London interbank offered rate, or Libor, and other interest rates underpinning trillions of dollars in loans and other financial contracts.
The interest rate on the loan will be based on the London Interbank Offered Rate (lately, the 12-month LIBOR rate has been 2.3%), plus 2.3% to 2.8%.
The latest scandal is the manipulation of the Libor (London Interbank Offered Rate).
LIBOR, or London InterBank Offered Rate, theoretically represents what banks charge one another to borrow.
FORBES: About The Alleged LIBOR "Scandal", Back Away From The Cliff
Libor, or the London Interbank offered rate, also spiked on Wednesday night, rising 51 basis points, to 5.86% from 5.35%, its highest level since early 2001.
Libor, if you need a refresher, stands for the London Interbank Offered Rate.
FORBES: Libor Scandal Just Took A Nasty Turn, Collusion Findings Should Make Banks Very Nervous
The overnight London interbank offered rate jumped to 3.94% from 2.37%, while three-month Libor inched up to 4.32% from 4.29%, illustrating the unwillingness of banks to lend among themselves.
The overnight London interbank offered rate jumped again to 3.94% from 2.37%, while three-month Libor inched up to 4.32% from 4.29%, illustrating the unwillingness of banks to lend among themselves.
应用推荐