Term of the Week: LIBOR

The London Interbank Offered Rate, or LIBOR—one of the most widely-recognized interest rate benchmarks of the past almost 40 years—will officially be retired today.

Term of the Week: LIBOR
The London Interbank Offered Rate, or LIBOR—one of the most widely-recognized interest rate benchmarks of the past almost 40 years—will officially be retired today.