Congress Prods N.Y. Fed for More LIBOR Info
The House Financial Services Oversight and Investigations Subcommittee told the New York Fed on Monday that it wants more information about the the handling of banks’ alleged “manipulation and suppression” of LIBOR.
Regulators Question Interest Rates From Sweden to Singapore
Regulators are questioning how interest rates are set across the globe—not just LIBOR and EURIBOR, but also various in-country rates.
Floating Rate Loan Funds: Not What They Were, Yet...
Anyone looking to floating rate loan funds today for inflation protection should be a bit wary.
Regulators Ask Singapore Authority for Help in Libor Probe
Interbank rates, including Libor, are under investigation by a number of countries amid suspicion of bank misconduct. The U.S. has launched a criminal investigation and European authorities are looking into allegations that banks may have colluded to trade derivatives based on the rate.
EU Raids Banks Over Suspected Euribor Fixing
The European Commission carried out a series of raids on Wednesday to uncover evidence in a possible case of price fixing involving Euribor, the Euro Interbank Offered Rate.
LIBOR Fixing Case: BofA, Citigroup Among Five Banks Probed
Authorities are investigating whether the LIBOR, the benchmark for borrowing costs among banks, was manipulated before and during the financial crisis, in 2007 and 2008.
Banking on Loans
These are flush days for bank-loan funds, which hold below-investment-grade debt. With private-equity groups borrowing heavily, fund managers can pick and choose what they will...
CMA to Float Fund of Funds on LSE
LONDON (HedgeWorld.com)--Capital Management Advisors announced that it has requested admission of its investment company Global Hedge to trading on the London Stock Exchange via a proposed share placement valued at $500 million. CMA, which manages about $1.65 billion, also announced that Global Hedge will seek to be admitted to the...
Banking on Prime Rate Funds
March 1, 2004 -- If interest rates start creeping up this year, bonds are likely to suffer. But one type of fixed-income investment -- bank...
Borrow and Invest the Difference
As financial planners know, an important part of any high-net-worth client's financial picture is the effective use of life insurance. And while these affluent clients...