Reuters reported that with the end of the LIBOR benchmark approaching at the end of 2021, companies are experimenting with alternative language, often without consulting lenders.
Reuters reported that U.S. authorities have charged two former managers at Societe Generale with participating in a scheme to manipulate the LIBOR benchmark rates.
Bloomberg reported that banks underestimated LIBOR submissions long after probes began into allegations they were doing so, raising questions of whether lenders can be relied on to provide sound data for interest-rate benchmarks.