Interest rates: LIBOR will at last be switched off in June

The scandal-ridden benchmark is a relic of a previous era. By 2012 LIBOR set the rates for contracts governing some $550 trillion, more than seven times global GDP. Yet ever since then, LIBOR has been on the decline. | Finance & economics

The scandal-ridden benchmark is a relic of a previous era. By 2012 LIBOR set the rates for contracts governing some $550 trillion, more than seven times global GDP. Yet ever since then, LIBOR has been on the decline. | Finance & economics