Bye bye LIBOR

https://www.bloomberg.com/news/articles/2021-03-05/libor-s-end-now-within-sight-as-u-k-s-fca-sets-final-dates

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

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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.