MONEY MARKETS-Libor costs fall but French rates still high - Reuters


Telegraph.co.uk
MONEY MARKETS-Libor costs fall but French rates still high
Reuters
The three-month London Interbank Offered Rate (Libor) fell to just under 51 basis points on Friday, and is down from over 58 basis points at the beginning of the year. The three largest French banks - Societe Generale, BNP Paribas and Credit Agricole ...
Exclusive: Future of bank benchmark rate under review Baltimore Sun
Citigroup takes $50M loss in global interest rate probe, report says New York Post
Key US Dollar, Euro Libor Fall; Sterling Rate Unchanged Wall Street Journal

all 67 news articles »

continue reading

RATE FUTURES REPORT: Safety Sought If Greek Crisis Spreads - Wall Street Journal

RATE FUTURES REPORT: Safety Sought If Greek Crisis Spreads
Wall Street Journal
Many investors consider Eurodollar futures as alternative method to measure US funds rate expectations. However, the Eurodollar market is directly tied to the three-month London Interbank Offered Rate, which is what banks charge each other to borrow US ...

continue reading

MONEY MARKETS-Interbank rates hit 1-year low on liquidity glut - Reuters


Bobsguide
MONEY MARKETS-Interbank rates hit 1-year low on liquidity glut
Reuters
Equivalent London interbank offered rates (Libor), fixed by a smaller panel of banks, also fell to one-year lows OF 1.01086 . For latest Libor fixings see Rates in other maturities also dropped. Six-month rates fell to 1.377 percent from 1.385 percent, ...
European Banks' Dollar Funding Costs Hold Near Six-Month Low BusinessWeek
Euro rates hit one-year low Business Recorder (blog)

all 64 news articles »

continue reading

Dollar Funding Costs Fall to Six-Month Low in Euro Money Markets - BusinessWeek

Dollar Funding Costs Fall to Six-Month Low in Euro Money Markets
BusinessWeek
The three-month cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, was 68 basis points below the euro interbank offered rate at 12 pm in London, from minus 70 yesterday, data compiled by Bloomberg show.

and more »

continue reading

Citi Reportedly Took A $50 Million Hit Unwinding Trades Related To An Interest ... - Business Insider


Business Insider
Citi Reportedly Took A $50 Million Hit Unwinding Trades Related To An Interest ...
Business Insider
Citigroup took a $50 million loss after two traders accused of manipulating the Tokyo Interbank Offering Rate left the bank, according to reporters at the Financial Times (h/t Zerohedge). Other Citi sources suggested the losses were even greater than ...
Tax Loophole: Citigroup Writes Off $50M in Trading Scandal Wall St. Cheat Sheet

all 2 news articles »

continue reading

UBS, Credit Suisse Among Banks in Swiss Libor-Fixing Probe - BusinessWeek


Wall Street Journal
UBS, Credit Suisse Among Banks in Swiss Libor-Fixing Probe
BusinessWeek
3 (Bloomberg) -- UBS AG and Credit Suisse Group AG are among 12 banks facing a Swiss inquest into possible manipulation of the London interbank offered rate, the latest probe into how the benchmark for $350 trillion of financial products is set.
Swiss launch competition probe against UBS, Credit Suisse for suspected rates ... Washington Post
Interest-Rate Probe Widens Wall Street Journal
Swiss question 12 banks as LIBOR probe widens Reuters
MarketWatch
all 198 news articles »

continue reading

Henkel Said to Offer Terms on 800 Million-Euro Revolving Credit - Bloomberg

Henkel Said to Offer Terms on 800 Million-Euro Revolving Credit
Bloomberg
The five-year loan, which includes two one-year extension options, will pay initial interest of 40 basis points more than the London interbank offered rate, one of the people said, who declined to be identified because the terms are private.

and more »

continue reading