CERF Blog

The London Interbank Offered Rate (LIBOR) is an index (actually, there are 150 indexes covering 10 currencies and 15 maturities from 1 day to 1 year) that is reported daily by the British Bankers Association (BBA).  LIBOR settings are established each day as the result of a survey of a panel of large international banks. … Read more

How are banks doing? We discuss a few measures. We closed 16 banks in May so far, with 73 so far this year according to the FDIC. There were only 36 bank failures through May of 2009. While there were 140 bank failures in 2009, we are on track (based on a simple extrapolation of… Read more