(Bloomberg) -- Untangling the vast global derivatives industry from Libor just got a bit easier. The London interbank offered rate is hardwired into swaps and other contracts worth hundreds of ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The demise of the London Interbank Offered Rate (LIBOR) has ...

Libor is an interest rate based on quotes from banks on how much it would cost to borrow money from each other. It is a price reference for financial contracts worth more than $300 trillion globally, ...

WASHINGTON, July 25 (Reuters) - U.S. Treasury Secretary Timothy Geithner, under pressure for not doing enough to stop fraudulent manipulation of a key benchmark interest rate, told lawmakers on ...