Libor News, Articles and Videos Libor is an acronym that stands for London Interbank Offered Rate. This interest rate is set by a committee of banks and is used as a benchmark for financial instruments such as mortgages, loans and credit cards. It is the most widely used interest rate in the world and is a key component of the global financial system. The rate is determined by a daily survey of leading banks, which quote the rates at which they are willing to lend to one another. This rate influences borrowing costs for millions of people and companies around the world. In recent years, Libor has been the focus of several scandals, as banks were found to have manipulated the rate for their own profit. As a result, regulators have proposed a new system to replace Libor, which is set to take effect in 2021. In this article, we will take a look at the history of Libor, how it is calculated, and how it affects the global economy.
Morgan Stanley is keeping hold of some preferred shares that fell through the cracks of the transition away from Libor — the first test of how it will deal with $4.1 billion of the securities.
GBP Rates derivatives volumes have recently recovered to nearly 90% of pre-LIBOR cessation levels. FRAs and Basis Swap volumes used to make up over 15% of total volumes pre-LIBOR cessation. The fac…
REALTOR® Kevin Leatherman was installed as the 2024 President of Long Island Board of REALTORS® (LIBOR) during the recent Association’s Installation and Awards Event. Leatherman will serve as the 83rd President of LIBOR, a not-for-profit REALTOR® trade association serving 30,000 real estate professionals throughout Long Island. Announce your new employees, promotions, board positions, community notes
Ruth Pfeffer, Office Manager at Charles Rutenberg Realty, Inc., was named 2024 REALTOR® Broker of the Year by the Long Island Board of Realtors. The award recognizes her commitment to the industry, as well as LIBOR’s members and mission. Over the past 17 years, Ruth has played a pivotal role in growing CRR to one
The Long Island Board of Realtors honored Rao Ali Shaan Khan, Associate Broker at Charles Rutenberg Realty, Inc., as the 2024 REALTOR® Salesperson of the Year, recognizing his dedicated service and industry leadership. Khan is LIBOR’s 2024 Secretary/Treasurer and is frequently one of Rutenberg’s top-performing agents. Announce your new employees, promotions, board positions, community notes