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The Old National Bank (ONB) Community Equity team
The Old National Bank (ONB) Community Equity team was established in 2015 and plays a critical role in community development and sustainability
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Providers place inordinate trust in patient identity practices
Providers may be placing too much trust in cybersecurity practices that are not sophisticated enough to deter high-level attacks by hackers. That’s the result of a survey of 100 participants from healthcare organizations, which found discrepancies in cybersecurity preparations and actual marketplace reality. The resear
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This Seemingly Responsible Financial Move Could Be Hurting Your Retirement Savings
Paying off high-interest debt before you save for retirement is often a smart move. This isn't the case for low-interest debt.
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Why is LIBOR being discontinued?
LIBOR was introduced in the 1980’s as a benchmark interest rate that was intended to reflect banks’ average cost of short-term, wholesale unsecured borrowing. Over time, and particularly during the financial crisis that began in 2007, banks became less and less reliant on inter-bank lending. As a result, the number and dollar volume of transactions from which LIBOR was derived declined dramatically. To make up for this shortfall, LIBOR panel banks resorted to using “expert judgment” when submitting various rates used in calculating LIBOR. This left it susceptible to manipulation and fraud.
In 2017, the UK Financial Conduct Authority (FCA), the regulator for LIBOR, announced that after December 31, 2021, the panel banks would no longer be required to submit settings for LIBOR. (This has since been revised to June 30, 2023, for most LIBOR tenors.) This announcement effectively started the countdown to the end of LIBOR.
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Old National Bank Community Growth Plan Expanded to $9.5 Billion Supporting Historically Underserved in Communities
In February 2022, Old National announced a five-year, $8.3 billion Community Growth Plan (CGP) focused on expanding our longstandingcommitment to
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Fed sees earlier time frame for rate hikes with inflation up
WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it may act sooner than previously planned to start dialing back the low-interest-rate policies that have helped fuel a swift rebound from the pandemic recession but have also coincided with rising inflation. The Fed's policymakers forecast that they would ra
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How 2-3 years is the danger spot for losing employees, and how company culture impacts retention
In the American workforce as a whole, only 5-6% of workers are currently in the 2-3 year mark at their current job – a critical period for your
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How credit scores impact your mortgage
Buying a home is one of the biggest financial decisions you’ll make, and your credit score can shape the entire journey.
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Old National Bank Bolsters Midwest and Southeast Communities with $3.6 Million
Old National Bank makes a difference throughout its Midwest and Southeast footprint by giving back to the communities it serves. In 2024 alone, Old
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Federal Reserve pledges 'powerful support' for economy
WASHINGTON (AP) — The Federal Reserve says that its low interest rate policies are providing “powerful support” for the economy as it recovers from the coronavirus pandemic. In its twice-a-year report to Congress on monetary policy released Friday, the Fed indicated that it plans to maintain that support until further