The Cornell Daily Sun

Report: Cornell Lost $280 Million in Interest Rate Swaps

A report released by the Roosevelt Institute, Cornell’s first student-run think tank, asserts that the University may have lost as much as $280 million over the past 16 years due to interest rate ...
Pensions&Investments

Banks agree to pay $46 million to pension funds, other investors in interest-rate swaps case

Ten large banks in the U.S. and Europe, including Goldman Sachs Group, Citigroup and Barclays, have agreed to pay a total of $46 million as part of a settlement of a case launched eight years ago in ...
U.S. News & World Report

South Korea to Set Guidelines to Speed up Switch to New Interest Rate Swaps Benchmark, Say Sources

SEOUL (Reuters) - South Korea plans to announce guidelines to encourage the use of an alternative benchmark in its $4.3 trillion interest rate swap market and replace Certificate of Deposit (CD) rates ...
The TRADE

Marex to provide client clearing of interest rate swaps through LCH’s SwapClear

Marex has revealed plans to offer client clearing of interest rate swaps. As part of the move, Marex will become a member of LCH’s SwapClear service on 15 July 2024, subject to final approval. Marex ...

The Fed cut interest rates. How quickly will you notice changes?

Savers will be getting less of a bang for their buck as the Fed drops interest rates. While financial institutions tend to be slow to lower the rates they charge borrowers, they’re quicker to drop the ...