(Bloomberg) As finance milestones go, what happened Tuesday in the U.S. leveraged-loan market isn’t going to catch fire in the public consciousness. This is not the Dow Jones Industrial Average hitting some five-digit number for the first time.
JPMorgan s seal of approval gives boost to SOFR bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
The announcement of a new loan marketed by JPMorgan Chase and tied to the Secured Overnight Financing Rate raises hopes that the leveraged-loan market is finally making a real attempt to ditch Libor.
Many banks are still making loans tied to the scandal-plagued benchmark despite years of preparation for its demise. The end of 2021 could prove hectic as bankers scramble to implement changes and explain them to commercial borrowers.
Long way to go on Libor transition as key deadline nears nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.