• News

    Banks’ Strong Funding Position, Low Libor Means Libor Is Broken Again

    Apparently a fun thing to do is to freak out about how Libor is losing its magic as an indicator of whatever it is an indicator of. Since it’s an indicator of interbank lending rates (being an interbank lending rate and all), news suggesting that it may provide a false signal of bank borrowing costs […]

    / Jul 15, 2011 at 10:04 AM
  • News

    UBS Might Be In A Little Trouble

    The good news is it has nothing to do with tax evasion. The bad news is the bank may have manipulated Libor rates.

    / Mar 15, 2011 at 12:44 PM
  • News

    Buttcrack of Dawn: The DealBreaker Unattributed Photo Hour

    Presented without comment. (After the jump).

    / Sep 30, 2008 at 7:15 AM
  • News

    British Banking Part II

    The British are annoyed. It seems the brand London Interbank Offered Rate (“LIBOR”) has been somewhat sullied. Just about everyone sensitive to interest rates has had the bad news broken to them that LIBOR is the source of their ills. In the equation “LIBOR plus 2%” the “2%” isn’t the problem. LIBOR is. Well, that’s […]

    / Apr 23, 2008 at 1:20 PM
  • News


    Suddenly, once some sunshine is beamed in their general direction, a host of banks clear their throats and look down at their shoes before reporting LIBOR closer to the “shadow interbank money rate market.” The revelation was so dramatic that it apparently caused a 5.4 magnitude earthquake in Illinois this morning. This spurs many questions, […]

    / Apr 18, 2008 at 1:20 PM

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