Three Experienced Stock Traders Talking Business, Consulting Documents and Argue About Data. They Work for a Big Stock Exchange Firm. Office is Full of Displays Showing Infographics and Numbers.

A Long Goodbye to LIBOR

The London Interbank Offered Rate was a widely accepted benchmark interest rate among financial institutions for over 40 years. One worldwide scandal and a handful of years later, it’s set to start expiring in a few days.

Momentum Building for LIBOR Replacements

Imagine you sign a contract and later learn that one of its key financial underpinnings will be replaced by something unknowable. That is the reality if you enter into a financial transaction involving the London Interbank Offered Rate, or LIBOR.

FIs Prepare For Libor’s Demise

The recent decision to phase out the London Interbank Offered Rate has left banks that issue adjustable rate mortgages tied to the benchmark with plenty of uncertainty. Banker & Tradesman spoke with several community banks in Massachusetts that have issued a significant number of ARMs in recent years, according to data compiled by The Warren Group.