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RIP BSBY: Bloomberg to shut down its lagging Libor replacement

RIP BSBY: Bloomberg to shut down its lagging Libor replacement
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.

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RIP BSBY: Bloomberg to shut down its lagging Libor replacement

RIP BSBY: Bloomberg to shut down its lagging Libor replacement
bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.

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Libor ends next month. Some borrowers may be in for a nasty surprise.

When the once-ubiquitous interest rate goes away at the end of June, some businesses that have older loans may see a sudden jump in their payments. Banks, lawyers and business leaders are doing last-minute work to avoid that scenario. ....

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