Egypt's National Committee studies steps for transition from Benchmark Interest Rate (LIBOR)

Tue, 28 Sep 2021 - 02:35 GMT

This meeting is to follow up on initiatives presented by the World Bank to stop using Libor starting January 2022, as well as to study the efforts of other IFIs, namely the African Development Bank (AfDB), the Asian Infrastructure Investment Bank (AIIB), and the OPEC Fund for International Development, in the same context.

Deutsche Bank to pay $240M to end Libor rigging lawsuit in U.S.

Wed, 28 Feb 2018 - 07:42 GMT

The preliminary settlement with the German bank was disclosed in filings on Tuesday with the U.S. District Court in Manhattan, and requires a judge’s approval.