User Name:  Password: 
Log In 
Forgot your username or password? |

Study Casts Doubt on Key Rate

By Carrick Mollenkamp and Mark Whitehouse
Word Count: 2,191  |  Companies Featured in This Article: Citigroup, J.P. Morgan Chase, UBS, Thomson Reuters

LONDON -- Major banks are contributing to the erratic behavior of a crucial global lending benchmark, a Wall Street Journal analysis shows.

The Journal analysis indicates that Citigroup Inc., WestLB, HBOS PLC, J.P. Morgan Chase & Co. and UBS AG are among the banks that have been reporting significantly lower borrowing costs for the London interbank offered rate, or Libor, than what another market measure suggests they should be. Those five banks are members of a 16-bank panel that reports rates used to calculate Libor in dollars.

That has led Libor, which is supposed to reflect the average rate at ...

WSJ Digital Network:
        Customer Service: |