LIBOR

The debt markets and derivates segments are gearing up for an enormous change called the “Big Bang,” i.e. switching over from the old interest rate benchmark -- the London Interbank Offered Rate (LIBOR) to the new Secured Overnight Financing Rate (SOFR), reports Bloomberg. The new...

Last week, investors got their last update of 2019 from the Federal Reserve. While most investors focused on interest rates and dot plots, one Fed-related metric appears to be heading lower once again heading into 2020. What Is The TED Spread? The TED spread is the difference between the yield on...

Life insurance stocks have underperformed the S&P 500 index in 2018 despite an interest rate hike and flat overall performance in equity markets. Investors should be selective in the group, which still has "pockets of opportunity," according to Goldman Sachs. The Analyst Goldman...

Comerica Incorporated (NYSE: CMA) has multiple levers ahead that should help the bank realize superior EPS growth over the coming years, according to Wedbush. The Analyst Wedbush's Peter Winter upgraded Comerica's stock rating from Neutral to Outperform with a price target lifted from $...

U.S. interest rates are moving higher, but investors are still searching for income-generating assets. A popular avenue for income investors looking to cope with rising rates has been bank loans or senior loans — an asset class made increasingly accessible by exchange-traded funds such as the...

Citigroup Inc (NYSE: C) shareholders can now close the book on yet another legacy issue from the bank’s past, but closure comes at a steep price. Accusations, Settlements And Fines Citi and its affiliates have agreed to pay $425 million in fines related to Libor and other benchmark...

To little surprise, the Federal Reserve did not raise interest rates when the Federal Open Market Committee (FOMC) met Wednesday. If there were any surprises, it is that the Fed appears to be on course for just two interest rate increases this year, half the number many market participants were...

Leading up to the Federal Reserve's December meeting, presumably when the Fed's first interest rate hike in nine years will take place, plenty of corners of the fixed income market have been punished. That includes bank loans or senior loans, a high-yielding fixed income asset class back...

Deutsche Bank AG (USA) (NYSE: DB) reported worse-than-expected first-quarter results on Monday. Profit for the bank dropped by almost 50 percent to €544 million from the €1.1 billion reported for the same quarter last year on back of the massive fine that the bank agreed to pay for...

CNBC tweeted mid-Tuesday morning that Citigroup (NYSE: C) is expected to report a $3.5 billion charge when it reports its fourth quarter earnings. According to CNBC, the bank stated that the charges include $2.7 billion for investigations (including Libor and foreign exchange) as well as $800...

Bank loan ETFs gained a great deal of notoriety and assets last year as investors flocked to these non-traditional debt securities in order to insulate their portfolio from rising interest rates.  Floating rate notes and senior loans are unique in that their yield is tied to a benchmark such as...

Sixteen of the world’s largest banks were sued Friday by the Federal Deposit Insurance Corporation (FDIC) for fixing the London interbank interest rate (Libor). According to the FDIC, the move cost smaller, failed American banks such as Washington Mutual, IndyMac and Colonial money. Bloomberg...

Stocks traded mostly lower today as investors digested a new set of earnings that were disappointing. A mixed housing data and a consumer sentiment coming in lower than expected was enough to tame the bulls as major indices finished the day mixed. Markets will be closed on Monday for Martin...