BW INSIGHTS

End of LIBOR is Here

The London Interbank Offering Rate (commonly known as LIBOR) has been a key benchmark for setting the interest rates charged on adjustable rate loans, mortgages and corporate debt for the last 40 years. Due to concerns that the benchmark was being manipulated, LIBOR has been phased out over the last few years. Effective June 30, 2023, the... Read More

Legal Sports Betting Imminent After Supreme Court Decision

The U.S. Supreme Court’s decision in Murphy v. National Collegiate Athletic Assn., issued May 14, 2018, has opened the doors for states to legalize and regulate sports betting. The decision declared the Professional and Amateur Sports Protection Act (PASPA) unconstitutional. PASPA itself did not ban sports betting. Rather, it prohibited states... Read More