Plan to end Libor pricing for new loans by September may prove tough

LONDON (Reuters) - Meeting a target to end the use of Libor for pricing new loans by September could be difficult for some firms grappling with coronavirus, Britain's Financial Conduct Authority (FCA) said on Wednesday.Libor, or the London Interbank Offered Rate, is an interest rate benchmark used in contracts worth about $400 trillion (335.60 trillion pounds) around the world. But the benchmark is being scrapped after banks were fined billions of dollars for trying to rig it.The FCA has set..