Talk:Libor

6 more banks (and barclays again)

HSBC, Royal Bank of Scotland, Barclays, Citigroup, Deutsche Bank, JPMorgan and UBS have all received subpoenas relating to Libor fixing from the attorneys general of New York and Connecticut according to this bbc article.

LIBOR began long before 1984

I have added a sentence to the introduction of this article to correct the misleading impression that LIBOR first started in 1984. Any commercial bank lending officer working then with large multinational borrowers in New York, London or other major financial centers (such as I did) can remember well that LIBOR was a very often used interest rate base already in the 1970s and early 1980s. I find it frankly rather astonishing that not just Wikipedia, but basically the internet as a whole (or at least that part of it readily viewed by way of search engines), seems basically unaware of this extensive history. Drewkeeling (talk) 16:03, 11 February 2019 (UTC)

Very interesting point there. And I can amplify it: I first knew of LIBOR as a secondary- (US High-) *school kid* in *1969/70* (studying for an Economics A. Level). That means LIBOR antedates petrodollars.

I visited the Wikipedia article because I had always vaguely wondered, for half a century, about whether the O stood for Offered or Overnight. (I should get out more, obv.)

The point is interesting - important - because it reframes the mid-80s BBA initiative, particularly in relation to the query raised above about borrowing vs. lending rate.

In hindsight, the practice of asking about *borrowing* rate - a potentially, and ultimately, horribly embarrassing question - built in a major systemic risk. But it was not simply an irresponsible piece of shonky systems engineering.

It was a very ordinary very British semi-systematisation of existing practice - prioritising continuity over concept.

I *think* it was Keynes tht said (approximately!) tht “in times of economic crisis the cry always goes up for “a practical man”. Unfortunately, so far one has always been available.” (Of course, LIBOR does not illustrate this remark exactly. LIBOR is a case where the practicality preceded the crisis.)

Anyone know if LIBOR also antedates the Eurodollar market?

- SquisherDa (talk) 12:18, 17 February 2019 (UTC)

SquisherDa: Thanks for the observations and comments. Checking the New York Times archive, the oldest reference to Eurodollars seems to be in a July 15, 1962 article, which explains what "Eurodollars" (in quotes!) means and how "a market in such dollars has developed." (Wikipedia's article on Eurodollars suggests that an organized market in offshore dollar deposits had emerged quite some years earlier than the term "Eurodollars" itself). It seems to me highly unlikely that LIBOR -in the current meaning of the term (e.g., an interbank rate for offshore deposits, especially Eurodollars)- could have preceded the market itself. That would be akin, I think, to having a listed credit card interest rate before credit cards were introduced!

Drewkeeling (talk) 00:07, 24 February 2019 (UTC)

Use of ICE Registered Trademarks

This page contains registered trademarks of Intercontinental Exchange Holdings, Inc. ("ICE") or its affiliates that are being used without an indication that they are trademarks. On behalf of ICE, we suggest the following be added as the last sentence of the lead section:

“The terms LIBOR®, ICE LIBOR®, Intercontinental Exchange®, and Intercontinental Exchange Benchmark Administration® are registered trademarks of Intercontinental Exchange Holdings, Inc. or its affiliates.” — Preceding unsigned comment added by 65.175.3.8 (talk) 21:05, 11 November 2019 (UTC)

@Diannaa:, I've noticed that you chase down this sort of thing. Could you advise, please? --John Maynard Friedman (talk) 21:18, 11 November 2019 (UTC)

I have never seen this information included. Our Manual of Style recommends against including the ™ and ® symbols.— Diannaa 🍁 (talk) 22:08, 11 November 2019 (UTC)

Reply to visitor: Wikipedia does not include the kind of disclaimer you requested, it is an encyclopedia. No other trade-mark or copyright holder is (or ever has been) recorded in this way. If you insist on pursuing this complaint, please visit Wikipedia:Contact us. --John Maynard Friedman (talk) 12:13, 12 November 2019 (UTC)

Update needed

LIBOR is a borrowing rate, not a lending rate.

LIBOR is officially retired today. the language should be changed to the past tense. — Preceding unsigned comment added by HiMyNameIsUserName (talk • contribs) 17:25, 30 June 2023 (UTC)