TheNewYorkFederalReservewilllaunchabenchmarkU.S.rateonTuesdaytopotentiallyreplaceLibor,andmarketparticipantshopeitwillprovemorereliableafteralongandcomplexswitc
The EU's top anti-trust regulator on Wednesday slapped fines on banks HSBC, JP Morgan and Credit Agricole for rigging the Euribor interest rate benchmark used for a wide range of financial instruments.
Tom Hayes, former trader in the City of London, has been found guilty at a London court of rigging the global Libor interest rates.
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