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Tag Archives: Libor

COMMERCIAL FINANCE 701: The Passing of LIBOR

The death knell for LIBOR officially sounded on July 27, 2017, when the UK’s Financial Conduct Authority broadcast it would cease maintenance of the internationally-used interest rate benchmark beyond December 31, 2021.  The surprise announcement was surprising only as to the timing of the press release and the sunset date.  The Wall Street Journal dissed the rate back in 2008 ...

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Read July 30 issue of the MBJ

>> COOPERATIVE TRIANGLE? Clay, Lowndes, Oktibbeha counties mulling partnership— By Clay Chandler Also in this week’s paper: >> IMMIGRATION Hood: Arizona ruling erased Mississippi felony penalty— by Ted Carter >> DARK ARMORY RISING? Old Armory on Fairgrounds to get roof as it awaits restoration— by Ted Carter >> AGRICULTURE New commissioner seeking legislative support for $30 million bond issue— by Ted ...

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Libor: An opaque scandal erodes confidence in major banks

Last month, one of the biggest financial scandals in history came to light, involving many of the most pre-eminent banks in the world. But public reaction has been so muted that a Los Angeles Times columnist was compelled to ask, “Why aren’t more people furious about the Libor scandal?” In fact, people are. The news media soon will be full ...

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