• What is The London Inter-Bank Offer Rate (LIBOR)?

    LIBOR is the world's most widely-used benchmark for short-term interest rates. It serves as the primary indicator for the average rate at which banks that contribute to the determination of LIBOR may obtain short-term loans in the London interbank market. Currently there are 11 to 18 contributor banks for five major currencies (US$, EUR, GBP, JPY, CHF), giving rates for seven different maturities. A total of 35 rates are posted every business day with the 3-month U.S. dollar rate being the most common. By Barry Norman, Investors Trading Academy.

    published: 18 Jun 2014
  • Interest rate swap 1 | Finance & Capital Markets | Khan Academy

    The basic dynamic of an interest rate swap. Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/interest-rate-swaps-tut/v/interest-rate-swap-2?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/credit-default-swaps-tut/v/financial-weapons-of-mass-destruction?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: Interest is the basis of modern capital markets. Depending on whether you are lending or borrowing, it can be viewed as a return on an asset (lending) or the cost of capital (borrowing). This tutori...

    published: 16 Sep 2011
  • LIBOR | Money, banking and central banks | Finance & Capital Markets | Khan Academy

    London InterBank Offer Rate. Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/federal-reserve/v/fed-open-market-operations?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/banking-and-money/v/frb-commentary-3-big-picture?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: We all use money and most of us use banks. Despite this, the actual working of the banking system is a bit of a mystery to most (especially fractional reserve banking). This older tutorial (bad handwriting and resolution) starts from a basi...

    published: 11 Apr 2011
  • What Is LIBOR?

    Two young people discuss how the LIBOR interest rate affects the rates on other financial products like credit cards and mortgages. Speakers: Anthony Annett and Wala'a El Barasse, IMF External Relations Department

    published: 24 May 2013
  • Todays mortgage rates

    http://www.lendinguniverse.com provides todays mortgage rates for all types of real estate loans and all of your lending needs in California Florida and all other states. Connect with http://www.mortgagecalculator-loan.com for residential commercial and land loans also Mobile Home, Construction Loan, Notary, Refinancing and best interest rate, bad credit mortgage solution. Simply complete our simple form and we will deliver you fast, accurate multiple results. We are neither a lenders nor a broker we give borrower tools to find and track all the negotiations. Lenders compete- You decide. Here is partial list of Calculators the site does a lot more: mortgage rates fed interest rate current mortgage rates federal interest rate historical libor interest rates interest rates toda...

    published: 10 Mar 2009
  • Libor investigation grows

    http://www.euronews.com/ US prosecutors have more banks in their sights over the Libor international interest rate fixing scandal. Reportedly JPMorgan Chase, Deutsche Bank, Royal Bank of Scotland and HSBC Holdings are among those ordered to hand over information as part of a joint investigation by the attorneys general of New York and Connecticut. Looking for evidence of collusion they want records of communications between the banks. UBS and Citigroup were reportedly earlier asked for similar data. Barclays is also part of the probe. In June it was fined the equivalent of 366 million euros by British and US authorities for manipulating the rate. If there are criminal prosecutions that would help investors claiming damages for losses through civil lawsuits. Libor - the London int...

    published: 16 Aug 2012
  • Interest Rate Swap Explained

    An animated explanation of how an Interest Rate Swap works. Go to www.xponodigital.com to find out how you could get your financial products visualised.

    published: 25 Jun 2012
  • Prime Rate What is it

    Prime Rate What is it? Prime Lending Rate is the rate at which banks lend money to each other overnight and is used to determine short term lending rates to consumers. Read the full story at http://delawaremortgageloans.net/prime-rate-what-is-it/ Prime Lending Rate is used to determine the rates on many variable rate consumer loans such as credit cards, car loans, home equity lines of credit, and some business loans. Prime is about 3% higher than the Fed Funds Rate and will move when Feds changed their rate. John R. Thomas Certified Mortgage Planner - NMLS 38783 Primary Residential Mortgage, Inc. 248 E Chestnut Hill Rd Newark, DE 19713 302-703-0727 Office Apply Online at http://www.PrimaryResidentialMortgage... Free Delaware First Time Home Buyer Seminar - http://www.DelawareHomeBuye...

    published: 01 Oct 2016
  • What is LIBOR?

    http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker Libor is a very important concept if you want to work in the capital markets. You could easily be asked to define LIBOR in an interview. What is LIBOR or Libor? LIBOR is the London Inter-Bank Offered Rate. It is the rate of interest that banks charge to lend money to each other, i.e. it is an interbank interest rate. LIBOR levels are compiled by an organization called the British Bankers' Association. LIBOR is compiled on a daily basis (Monday to Friday, except public holidays) and is published at about 11:00 a.m. London time. For every maturity, the BBA gets 16 quotes from 16 banks; they discard th...

    published: 04 Jul 2012
  • What is LIBOR? What does LIBOR mean? LIBOR meaning, definition & explanation

    What is LIBOR? What does LIBOR mean? LIBOR meaning - LIBOR definition - LIBOR explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. The London Interbank Offered Rate is the average of interest rates estimated by each of the leading banks in London that it would be charged were it to borrow from other banks. It is usually abbreviated to Libor (/'la?b??r/) or LIBOR, or more officially to ICE LIBOR (for Intercontinental Exchange Libor). It was formerly known as BBA Libor (for British Bankers' Association Libor or the trademark bbalibor) before the responsibility for the administration was transferred to Intercontinental Exchange. It is the primary benchmark, along with the Euribor, for short-term interest rates around the world. ...

    published: 30 Apr 2017
  • What is Libor and why should we care?

    http://www.euronews.com/ Libor - the London Interbank Offered Rate - is the average cost of borrowing at which Britain's banks lend each other money. It is calculated daily, based on information supplied by those banks and is used worldwide as a benchmark for prices on trillions fo euros worth of derivatives and other financial products. After the financial crisis, the Libor rate also was seen as a guide to the health of bank's balance sheets. Barclays manipulation alone could not have had a big effect on the final rate, but the suggestion is a lot of the big banks were doing the same thing. And the Libor rate has an effect on the real economy as Tony Greenham, Head of Finance and Business at the New Economics Foundation, explained: "That average is what drives the interest rates p...

    published: 02 Jul 2012
  • Libor scandal probes spread

    http://www.euronews.com/ Britain's anti-fraud investigators are to look into the Libor interest rate-rigging scandal. The Serious Fraud Office probe comes after Barclays chief executive Bob Diamond resigned over his bank's role in the manipulation of the inter-bank lending rate. The SFO has said it will decide within a month whether to bring criminal charges against Barclays and other banks. Barclays was fined nearly 370 million euros by US and British authorities, becoming the first bank to settle in an investigation that is looking at more than a dozen other banks and submissions they made for calculating Libor rates. *Deutsche Bank* Reuters reported on Friday that the German markets regulator BaFin has launched an investigation in possible Libor wrong doing at Deutsche Bank. Th...

    published: 06 Jul 2012
  • Interest Rate Swaps With An Example

    Academic Explanation of the Concepts of Interest Rate Swaps

    published: 05 Jun 2011
  • Episode 112 - Lies, damn lies and Libor rates

    Dr Nick Motson on the bank lending rate probe

    published: 01 Mar 2012
  • UBS Agrees to $1.5bn Fine over Rates Rigging

    Swiss bank UBS will pay $1.5 billion in fines to regulators over their attempts to manipulate the Libor interbank lending rate. Full story: Swiss bank UBS will pay $1.5 billion to regulators after admitting to fraud and the manipulation of the Libor lending rate. The fine will be paid to US, UK, and Swiss regulators. It is over three times the $450 million fine ordered to be paid by the Barclays in June in another action related to Libor. Libor is the average interest rate at which major banks charge each other to lend money. Dozens of people across three continents are said to have attempted to rig the Libor rates by keeping submissions low. The rates are set by the British Bankers' Association, are are based upon the estimates submitted by major banks. Libor rates are used to calcul...

    published: 19 Dec 2012
  • How Do Banks Determine Mortgage Interest Rates?

    http://www.bestsyndication.com/?q=how-are-mortgage_rates_determined.htm Have you ever wondered why banks continually change mortgage interest rates? There are many factors that help lenders determine both fixed rate and ARM mortgages. This video will explain how the interest rate is determined. There are many factors that affect mortgage rates including government bonds, rates that the government sponsored enterprise charge and the London Interbank Offered Rate. In this information program, we will discuss how these benchmarks are used to help bankers determine mortgage rates. One common benchmark cited for determining mortgage rates is the Federal Funds rate. This is the rate that banks charge other banks for overnight operations. That rate is currently in a range between zero and...

    published: 01 Sep 2011
What is The London Inter-Bank Offer Rate (LIBOR)?

What is The London Inter-Bank Offer Rate (LIBOR)?

  • Order:
  • Duration: 1:43
  • Updated: 18 Jun 2014
  • views: 582
videos
LIBOR is the world's most widely-used benchmark for short-term interest rates. It serves as the primary indicator for the average rate at which banks that contribute to the determination of LIBOR may obtain short-term loans in the London interbank market. Currently there are 11 to 18 contributor banks for five major currencies (US$, EUR, GBP, JPY, CHF), giving rates for seven different maturities. A total of 35 rates are posted every business day with the 3-month U.S. dollar rate being the most common. By Barry Norman, Investors Trading Academy.
https://wn.com/What_Is_The_London_Inter_Bank_Offer_Rate_(Libor)
Interest rate swap 1 | Finance & Capital Markets | Khan Academy

Interest rate swap 1 | Finance & Capital Markets | Khan Academy

  • Order:
  • Duration: 3:51
  • Updated: 16 Sep 2011
  • views: 140116
videos
The basic dynamic of an interest rate swap. Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/interest-rate-swaps-tut/v/interest-rate-swap-2?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/credit-default-swaps-tut/v/financial-weapons-of-mass-destruction?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: Interest is the basis of modern capital markets. Depending on whether you are lending or borrowing, it can be viewed as a return on an asset (lending) or the cost of capital (borrowing). This tutorial gives an introduction to this fundamental concept, including what it means to compound. It also gives a rule of thumb that might make it easy to do some rough interest calculations in your head. About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
https://wn.com/Interest_Rate_Swap_1_|_Finance_Capital_Markets_|_Khan_Academy
LIBOR | Money, banking and central banks  | Finance & Capital Markets | Khan Academy

LIBOR | Money, banking and central banks | Finance & Capital Markets | Khan Academy

  • Order:
  • Duration: 3:37
  • Updated: 11 Apr 2011
  • views: 91761
videos
London InterBank Offer Rate. Created by Sal Khan. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/federal-reserve/v/fed-open-market-operations?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Missed the previous lesson? Watch here: https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/banking-and-money/v/frb-commentary-3-big-picture?utm_source=YT&utm_medium=Desc&utm_campaign=financeandcapitalmarkets Finance and capital markets on Khan Academy: We all use money and most of us use banks. Despite this, the actual working of the banking system is a bit of a mystery to most (especially fractional reserve banking). This older tutorial (bad handwriting and resolution) starts from a basic society looking to do more than barter and incrementally builds to a modern society with fraction reserve banking. Through this process, you will hopefully gain a deep understanding of how money and banking works in our modern world. About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy’s Finance and Capital Markets channel: https://www.youtube.com/channel/UCQ1Rt02HirUvBK2D2-ZO_2g?sub_confirmation=1 Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
https://wn.com/Libor_|_Money,_Banking_And_Central_Banks_|_Finance_Capital_Markets_|_Khan_Academy
What Is LIBOR?

What Is LIBOR?

  • Order:
  • Duration: 2:46
  • Updated: 24 May 2013
  • views: 7990
videos
Two young people discuss how the LIBOR interest rate affects the rates on other financial products like credit cards and mortgages. Speakers: Anthony Annett and Wala'a El Barasse, IMF External Relations Department
https://wn.com/What_Is_Libor
Todays mortgage rates

Todays mortgage rates

  • Order:
  • Duration: 0:37
  • Updated: 10 Mar 2009
  • views: 301
videos
http://www.lendinguniverse.com provides todays mortgage rates for all types of real estate loans and all of your lending needs in California Florida and all other states. Connect with http://www.mortgagecalculator-loan.com for residential commercial and land loans also Mobile Home, Construction Loan, Notary, Refinancing and best interest rate, bad credit mortgage solution. Simply complete our simple form and we will deliver you fast, accurate multiple results. We are neither a lenders nor a broker we give borrower tools to find and track all the negotiations. Lenders compete- You decide. Here is partial list of Calculators the site does a lot more: mortgage rates fed interest rate current mortgage rates federal interest rate historical libor interest rates interest rates today's mortgage rates lowest mortgage rates mortgage interest rates federal reserve interest rates what is the prime interest rate prime interest rate what is the current fed interest rate mortgage rates predictions what is the libor interest rate compare mortgage rates current prime interest rate wells fargo mortgage rates interest rate calculator mortgage interest rates in maine home mortgage rates current mortgage interest rates best mortgage rates how are mortgage rates determined todays mortgage rates refinance mortgage rates
https://wn.com/Todays_Mortgage_Rates
Libor investigation grows

Libor investigation grows

  • Order:
  • Duration: 0:46
  • Updated: 16 Aug 2012
  • views: 341
videos
http://www.euronews.com/ US prosecutors have more banks in their sights over the Libor international interest rate fixing scandal. Reportedly JPMorgan Chase, Deutsche Bank, Royal Bank of Scotland and HSBC Holdings are among those ordered to hand over information as part of a joint investigation by the attorneys general of New York and Connecticut. Looking for evidence of collusion they want records of communications between the banks. UBS and Citigroup were reportedly earlier asked for similar data. Barclays is also part of the probe. In June it was fined the equivalent of 366 million euros by British and US authorities for manipulating the rate. If there are criminal prosecutions that would help investors claiming damages for losses through civil lawsuits. Libor - the London interbank offered rate - is compiled from estimates by banks of how much they believe they have to pay to borrow from each other. It influences rates on many lending transactions, including mortgages, student loans and credit cards. Find us on: Youtube http://bit.ly/zr3upY Facebook http://www.facebook.com/euronews.fans Twitter http://twitter.com/euronews
https://wn.com/Libor_Investigation_Grows
Interest Rate Swap Explained

Interest Rate Swap Explained

  • Order:
  • Duration: 3:38
  • Updated: 25 Jun 2012
  • views: 128874
videos
An animated explanation of how an Interest Rate Swap works. Go to www.xponodigital.com to find out how you could get your financial products visualised.
https://wn.com/Interest_Rate_Swap_Explained
Prime Rate What is it

Prime Rate What is it

  • Order:
  • Duration: 1:22
  • Updated: 01 Oct 2016
  • views: 746
videos
Prime Rate What is it? Prime Lending Rate is the rate at which banks lend money to each other overnight and is used to determine short term lending rates to consumers. Read the full story at http://delawaremortgageloans.net/prime-rate-what-is-it/ Prime Lending Rate is used to determine the rates on many variable rate consumer loans such as credit cards, car loans, home equity lines of credit, and some business loans. Prime is about 3% higher than the Fed Funds Rate and will move when Feds changed their rate. John R. Thomas Certified Mortgage Planner - NMLS 38783 Primary Residential Mortgage, Inc. 248 E Chestnut Hill Rd Newark, DE 19713 302-703-0727 Office Apply Online at http://www.PrimaryResidentialMortgage... Free Delaware First Time Home Buyer Seminar - http://www.DelawareHomeBuyerSeminar.com Free Maryland First Time Home Buyer Seminar - http://www.MarylandHomeBuyerSeminars.com Primary Residential Mortgage Newark Delaware Branch NMLS – 106170 Primary Residential Mortgage Company NMLS – 3094 Licensed by Delaware State Bank Commissioner – No. 010608 Licensed by Maryland Department of Labor, Licensing and Regulation Commissioner of Financial Regulation No. 18566 Licensed by Pennsylvania Department of Banking No. 23296.004 Licensed by Indiana Department of Financial Institutions Consumer Credit Division, First Lien License 11069 Secretary of State Securities Commission Second Lien License 103936 Licensed by New Jersey Department of Banking and Insurance Licensed by Virginia Bureau of Financial Institutions: MC 2248 Broker MC-2248 NMLS#3094 (http://nmlsconsumeraccess.org) Equal Housing Lender #DelawareMortgageRates #DelawareMortgageLoans #DelawareMortgages #JohnThomas #PrimaryResidentialMortgage #DelawareMortgageCompany #mortgagerate #DelawareHomeLoans #DelawareLoanOfficer #BragAboutYourLoanOfficer #johnthomasteam
https://wn.com/Prime_Rate_What_Is_It
What is LIBOR?

What is LIBOR?

  • Order:
  • Duration: 2:10
  • Updated: 04 Jul 2012
  • views: 1544
videos
http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker Libor is a very important concept if you want to work in the capital markets. You could easily be asked to define LIBOR in an interview. What is LIBOR or Libor? LIBOR is the London Inter-Bank Offered Rate. It is the rate of interest that banks charge to lend money to each other, i.e. it is an interbank interest rate. LIBOR levels are compiled by an organization called the British Bankers' Association. LIBOR is compiled on a daily basis (Monday to Friday, except public holidays) and is published at about 11:00 a.m. London time. For every maturity, the BBA gets 16 quotes from 16 banks; they discard the lowest four and the highest four; the remaining eight levels are then averaged to come up with that day's LIBOR reference for that maturity. LIBOR rates are available for a term of up to one year. There is a different LIBOR rate for every currency i.e. we have GBP LIBOR, USD LIBOR, EUR LIBOR and so forth. LIBOR used to be viewed as a risk-free interest rate because the big banks that LIBOR is compiled from were seen as being "too big to fail" and therefore riskless. However, this view changed radically during the credit crunch, especially after Lehman Brothers collapsed. Nowadays, LIBOR is accepted as just a benchmark or reference level of interest rather than a clear reflection of bank credit risk. Read more: http://www.katsonga.com/girlbanker/what-is-libor http://www.katsonga.com/girlbanker Get, To Become An Investment Banker (The Book) USA: http://amzn.to/2bb5OFH UK: http://amzn.to/2aIoQAx @GirlBanker: https://twitter.com/#!/GirlBanker
https://wn.com/What_Is_Libor
What is LIBOR? What does LIBOR mean? LIBOR meaning, definition & explanation

What is LIBOR? What does LIBOR mean? LIBOR meaning, definition & explanation

  • Order:
  • Duration: 3:11
  • Updated: 30 Apr 2017
  • views: 7
videos
What is LIBOR? What does LIBOR mean? LIBOR meaning - LIBOR definition - LIBOR explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. The London Interbank Offered Rate is the average of interest rates estimated by each of the leading banks in London that it would be charged were it to borrow from other banks. It is usually abbreviated to Libor (/'la?b??r/) or LIBOR, or more officially to ICE LIBOR (for Intercontinental Exchange Libor). It was formerly known as BBA Libor (for British Bankers' Association Libor or the trademark bbalibor) before the responsibility for the administration was transferred to Intercontinental Exchange. It is the primary benchmark, along with the Euribor, for short-term interest rates around the world. Libor rates are calculated for 5 currencies and 7 borrowing periods ranging from overnight to one year and are published each business day by Thomson Reuters. Many financial institutions, mortgage lenders and credit card agencies set their own rates relative to it. At least $350 trillion in derivatives and other financial products are tied to the Libor. In June 2012, multiple criminal settlements by Barclays Bank revealed significant fraud and collusion by member banks connected to the rate submissions, leading to the Libor scandal. The British Bankers' Association said on 25 September 2012 that it would transfer oversight of LIBOR to UK regulators, as proposed by Financial Services Authority managing director Martin Wheatley's independent review recommendations. Wheatley's review recommended that banks submitting rates to LIBOR must base them on actual inter-bank deposit market transactions and keep records of those transactions, that individual banks' LIBOR submissions be published after three months, and recommended criminal sanctions specifically for manipulation of benchmark interest rates. Financial institution customers may experience higher and more volatile borrowing and hedging costs after implementation of the recommended reforms. The UK government agreed to accept all of the Wheatley Review's recommendations and press for legislation implementing them. Significant reforms, in line with the Wheatley Review, came into effect in 2013 and a new administrator took over in early 2014. The British government regulates Libor through criminal and regulatory laws passed by the Parliament. In particular, the Financial Services Act 2012 brings Libor under UK regulatory oversight and creates a criminal offence for knowingly or deliberately making false or misleading statements relating to benchmark-setting.
https://wn.com/What_Is_Libor_What_Does_Libor_Mean_Libor_Meaning,_Definition_Explanation
What is Libor and why should we care?

What is Libor and why should we care?

  • Order:
  • Duration: 1:11
  • Updated: 02 Jul 2012
  • views: 36716
videos
http://www.euronews.com/ Libor - the London Interbank Offered Rate - is the average cost of borrowing at which Britain's banks lend each other money. It is calculated daily, based on information supplied by those banks and is used worldwide as a benchmark for prices on trillions fo euros worth of derivatives and other financial products. After the financial crisis, the Libor rate also was seen as a guide to the health of bank's balance sheets. Barclays manipulation alone could not have had a big effect on the final rate, but the suggestion is a lot of the big banks were doing the same thing. And the Libor rate has an effect on the real economy as Tony Greenham, Head of Finance and Business at the New Economics Foundation, explained: "That average is what drives the interest rates paid by hundreds of millions of people on their own mortgages, small business on their loans, student loans, insurance products. It affects a hugely diverse range of financial transactions globally, not just in the UK." Britain's central bank, the Bank of England, is trying to avoid being dragged into this scandal. It has denied it knew about Libor manipulation and was allowing it to happen. "It is nonsense to suggest that the Bank of England was aware of any impropriety in the setting of Libor," a BoE spokesman said. "If we had been aware of attempts to manipulate Libor we would have treated them very seriously." Barclays said it submitted artificially low estimates of its borrowing costs because it thought rivals were doing the same, and higher submissions would make it appear to be in trouble. Barclays is the first bank to settle in an investigation which is looking at more than a dozen other banks, including Citigroup, HSBC, UBS and RBS. HSBC said that as a bank that contributes to setting the Libor interest rate it was providing information to authorities, but the Financial Services Authority said it was not investigating HSBC. Find us on: Youtube http://bit.ly/zr3upY Facebook http://www.facebook.com/euronews.fans Twitter http://twitter.com/euronews
https://wn.com/What_Is_Libor_And_Why_Should_We_Care
Libor scandal probes spread

Libor scandal probes spread

  • Order:
  • Duration: 0:31
  • Updated: 06 Jul 2012
  • views: 1213
videos
http://www.euronews.com/ Britain's anti-fraud investigators are to look into the Libor interest rate-rigging scandal. The Serious Fraud Office probe comes after Barclays chief executive Bob Diamond resigned over his bank's role in the manipulation of the inter-bank lending rate. The SFO has said it will decide within a month whether to bring criminal charges against Barclays and other banks. Barclays was fined nearly 370 million euros by US and British authorities, becoming the first bank to settle in an investigation that is looking at more than a dozen other banks and submissions they made for calculating Libor rates. *Deutsche Bank* Reuters reported on Friday that the German markets regulator BaFin has launched an investigation in possible Libor wrong doing at Deutsche Bank. The German regulator declined to comment specifically on whether it was probing Deutsche Bank, but said it was in looking into suspected manipulation of Libor rates by banks. "We are making use of our entire spectrum of regulatory instruments, so far as this is necessary," a spokesman said. Deutsche Bank declined to comment but referred to its quarterly report which said the bank has received various subpoenas and requests for information from certain regulators and governmental entities in the United States and Europe, in connection with setting interbank offered rates for various currencies. *Reform* The scandal is likely to force regulators to reform the way Libor rates are set making it more transparent. But many market participants believe any changes would be a compromise rather than a solution to fully restore the reputation of what has been called the world's most important financial instrument. Libor rates are used in hundreds of trillions of euros worth of financial contracts, ranging from credit cards to complicated derivatives transactions. Those who use the system say it would be almost impossible to replace it quickly with another rate because of the risk of financial and legal chaos. Find us on: Youtube http://bit.ly/zr3upY Facebook http://www.facebook.com/euronews.fans Twitter http://twitter.com/euronews
https://wn.com/Libor_Scandal_Probes_Spread
Interest Rate Swaps With An Example

Interest Rate Swaps With An Example

  • Order:
  • Duration: 8:42
  • Updated: 05 Jun 2011
  • views: 108904
videos
Academic Explanation of the Concepts of Interest Rate Swaps
https://wn.com/Interest_Rate_Swaps_With_An_Example
Episode 112 - Lies, damn lies and Libor rates

Episode 112 - Lies, damn lies and Libor rates

  • Order:
  • Duration: 4:24
  • Updated: 01 Mar 2012
  • views: 1469
videos
Dr Nick Motson on the bank lending rate probe
https://wn.com/Episode_112_Lies,_Damn_Lies_And_Libor_Rates
UBS Agrees to $1.5bn Fine over Rates Rigging

UBS Agrees to $1.5bn Fine over Rates Rigging

  • Order:
  • Duration: 2:03
  • Updated: 19 Dec 2012
  • views: 245
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Swiss bank UBS will pay $1.5 billion in fines to regulators over their attempts to manipulate the Libor interbank lending rate. Full story: Swiss bank UBS will pay $1.5 billion to regulators after admitting to fraud and the manipulation of the Libor lending rate. The fine will be paid to US, UK, and Swiss regulators. It is over three times the $450 million fine ordered to be paid by the Barclays in June in another action related to Libor. Libor is the average interest rate at which major banks charge each other to lend money. Dozens of people across three continents are said to have attempted to rig the Libor rates by keeping submissions low. The rates are set by the British Bankers' Association, are are based upon the estimates submitted by major banks. Libor rates are used to calculate payments for hundreds of trillions of dollars worth of financial contracts worldwide. The bank also admitted to manipulating Euribor and Tibor, equivalent interest rates in the eurozone and Tokyo, respectively. The amount is the second-largest fine levied to a bank; HSBC agreed to pay US regulators $1.9 billion over money-laundering allegiations. In the past 18 months, UBS has lost $2.3 billion in a trading scandal, gone through management upheaval and had thousands of jobs cut. UBS Chief Executive Sergio Ermotti apologized in a statement, saying "We deeply regret this inappropriate and unethical behavior. No amount of profit is more important than the reputation of this firm, and we are committed to doing business with integrity." For the actions that occured between 2005 to 2010, UBS will pay $1.2 billion to the US Department of Justice and Commodity Futures Trading Commission, 160 million pounds to the UK'S Financial Services Authority and 59 million Swiss francs to Swiss regulator Finma. UBS says the fine will widen its fourth quarter net loss, but the bank is expected to still have made a profit this year. For more news and videos visit ☛ http://ntd.tv Follow us on Twitter ☛ http://twitter.com/NTDTelevision  Add us on Facebook ☛ http://on.fb.me/s5KV2C
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How Do Banks Determine Mortgage Interest Rates?

How Do Banks Determine Mortgage Interest Rates?

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  • Duration: 4:31
  • Updated: 01 Sep 2011
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http://www.bestsyndication.com/?q=how-are-mortgage_rates_determined.htm Have you ever wondered why banks continually change mortgage interest rates? There are many factors that help lenders determine both fixed rate and ARM mortgages. This video will explain how the interest rate is determined. There are many factors that affect mortgage rates including government bonds, rates that the government sponsored enterprise charge and the London Interbank Offered Rate. In this information program, we will discuss how these benchmarks are used to help bankers determine mortgage rates. One common benchmark cited for determining mortgage rates is the Federal Funds rate. This is the rate that banks charge other banks for overnight operations. That rate is currently in a range between zero and 0.25 percent. The discount rate is the Federal Reserve's primary interest rate. This is the rate that the Federal Reserve, also known as our central bank, charges member banks. Unlike the Federal Funds rate, the Federal Reserve Bank has absolute power in determining this interest rate. The current primary rate for the member banks is 0.75 percent. Banks that are not eligible for this primary rate are charged 1.25 percent. A third seasonal rate is for small depository institutions that need to meet seasonal requirements. The Prime Rate is what banks charge their best customers, usually corporations and large companies. This rate is typically 2.5 to 3 percent above the Federal Funds rate. These rates rarely change, so why do mortgage rates fluctuate so frequently? There are other benchmarks, including government bonds. The "Capital Markets" play a major role in mortgage loan rates. Investors are constantly looking for safety and a return on their investment. The safest investment has U.S. government bonds, notes and bills. But the rate of return is relatively meager compared to what they could get buying other securities. Investors willing to take a little more risk might consider stocks or mortgage backed securities. Typically, in better economic times they are willing to make riskier investments. Government securities have historically been considered low risk investments. Similar to a heard of cattle or sheep, after the sign of economic uncertainty investors will flock to these securities. This drives down yields. Here is an example. Let's say there is a 100 dollar Treasury bill offered that will pay 110 dollars on maturity. If there is a lot of demand for the T-bill, the price will increase. You might bid 100 dollar, but your neighbor may bid 105 dollar for that same security. The higher the price for that T-bill will lower the yield. Rather than yielding 10 dollars at face value, the bill will not yield only five dollars. Conversely, when demand for bonds fall, the interest yielded on them increases. Banks and other lenders are also in competition for investor dollars. If Treasury yields go higher, banks need to offer investors a better return on their investment too. Thus, they need to increase the interest rate to the homeowner / borrower. Since the 30-year mortgage is usually paid-off or refinanced before 10 year, the 10-year note is one of the better benchmarks bankers use to determine mortgage rates. Since buying mortgages is more risky than buying government Treasuries, banks need to pay a premium for that risk. That premium has historically been around 1.5 to 2.0 percent. If the 10-year note is providing a yield of three percent, expect the 30-year mortgage interest rate to be somewhere around 4.75 percent. The Adjustable Rate Mortgage (ARM) will usually carry a 30-year term but will have a variable interest rate starting after 5 years. Typically the rate will adjust once a year after that. Banks will use several benchmark indexes to make that adjustment. The most common benchmarks are the London InterBank Offered Rate, or LIBOR, and the Prime Rate.
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