Landesbank Berlin Quits Euribor Amid Bank Exodus From Panel
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Landesbank Berlin AG, a German regional lender, became the sixth bank this year to stop contributing to the panel setting Euribor, adding to an exodus that includes UBS AG and Rabobank Groep.
The bank also stopped contributing to the Eonia and USD Euribor benchmarks, Euribor-EBF, the Brussels-based industry group that runs the rates, said in a statement on its website.