Libor Enters ‘Final Chapter’ as Global Regulators Set End Dates
- Final fixings for most rates will take place Dec. 31
- Key U.S. tenors extended after slow progress on transition
Manipulation by deceitful banks killed LIBOR.
That “news” is a wee bit old.
In any case, it took only a decade, which is lickety-split in financial regulation terms!
I’ve followed this for over a decade. One of those banks defrauded me on a mortgage loan about the same time that they colluded with another bank to manipulate LIBOR. The feds made them send me a small settlement, but my credit score was still trashed for 7 years.