Financial Risk

Benchmark will continue if at least five banks continue to contribute data, but a smaller set of contributors could significantly increase volatility.

Borrowing dollars has gotten even more expensive in recent weeks, and global FX markets are feeling the effects.

Shortly after economic adviser Larry Kudlow said the White House had “ruled out any currency intervention,” the president directly disputed this claim.

The stakes are high for corporate borrowers as global discussions continue to swirl around which interest rate benchmark will become the new standard.

With growth seeming precarious, many now expect significant reduction in interest rates before yearend.

However, rate cuts seem less likely: Some FOMC members' concerns about slowing global economic growth have abated.

Global crime ring developed malware to steal banking login details, then initiate wire transfers from thousands of businesses.

While market participants drag their heels, the deadline to move away from LIBOR approaches unabated.