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What was the LIBOR rate, and what happened to it?

LIBOR set interest rates for trillions of dollars in loans for over 30 years. Banks manipulated the rate because it relied on estimates rather than real transactions. A new system called SOFR replaced ...
Reuters

Broker in Libor trial says would have gone from 'hero to zero' had he favoured Hayes

LONDON (Reuters) - A former broker at ICAP Plc accused of helping rig benchmark interest rates denied the charges in court on Tuesday, saying he would have gone from "hero to zero" if he had favoured ...