Libor, the scandal-tarred benchmark that underpins interest rates on trillions of dollars in financial contracts, is being sold to NYSE Euronext, NYX -0.78% the U.S.-based company that runs the New York Stock Exchange. The deal, designed to restore Libor’s international credibility, was announced Tuesday by a British government commission and the NYSE.
From DAVID ENRICH and CASSELL BRYAN-LOW.
Read more at NYSE Euronext to Take Over Libor – WSJ.com.