Finance Executives Look to Advance Libor Transition in 2021

December 30, 2020// by Nina Trentmann

Efforts to skip the London interbank offered rate for new transactions by end of next year are forcing finance executives to take stock of their contracts, communicate with banks and investors and adjust their interest-rate cost calculations.

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"That so-called re-shoring of manufacturing hasn’t happened in any appreciable way, economic data show, as U.S. companies instead turned to other countries in Asia for supply." https://t.co/7n3lpT6vIO via @WSJ

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Daimler’s finance chief is divvying up the car maker’s books, debts and finance workers ahead of the spinoff of the company’s trucks business later this year. https://t.co/kKex3JutGu via @WSJ @Nina_Trentmann

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Sea otters hold hands when they sleep so they don't drift apart, a behavior known as rafting.

Credit: Vancouver Aquarium

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Zoetis elevated finance chief Glenn David to an expanded role in which he will manage businesses that generate a significant portion of the company’s revenue, @Nina_Trentmann and @depsebastian report for @CFOJournal @WSJ. https://t.co/t7fJvHb9j0

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"Many economists say a number of factors—including expanded unemployment benefits, fear of contracting Covid-19 and a lack of child care—are keeping workers from taking open jobs." https://t.co/uzQvB84GZ5 via @WSJ

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