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

FILE PHOTO: The spread of the coronavirus disease (COVID-19) in London
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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..
Date Published: Mar 25, 2020
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