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5 Ways to Cut Costs in Your Business
Trimming costs can be as important to your business as boosting revenue. Here are 5 tips to help improve your bottom line
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Interest rates will likely continue to be one of the highest searched terms in the coming quarter
Interest rates will likely continue to be one of the highest searched terms in the coming quarter. While policy and election content will continue to raise concerns, financial institutions can guide audiences with personalized content that answers their specific questions. This piece would entail a long-form, 1K word i
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Earn Financial Security With These 4 Savings Accounts
Saving is essential for financial security and future goals, but many struggle to build reserves. Here are popular options
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Budgeting for a Family
If you’re expecting your first child, establishing a budget that includes your growing list of expenses is important for helping you manage your
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Seniors are the highest at risk for
Seniors are the highest at risk for scams Elder fraud, also known as elder financial exploitation, has been called the “crime of the 21st
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How Operational Efficiency Saves Money for Your Business
For business owners and operational managers, improving operational efficiency can significantly reduce costs, enhance productivity, and boost profitability.
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The ‘Shadow of a Leader’ and building an inclusive culture
By Corliss Garner, Chief DE&I Officer, SVP The role of a leader, both at work and at home, requires modeling the behavior and living desired
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Which Retirement Plan Should I Add to First?
Saving for retirement is one of the most important ways that you can prepare for your financial future. When you stop working, nearly all of your income dries up. Although you may qualify to receive Social Security benefits, they'll only go partway toward replacing the income that your job paid you. Relying too much on
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Providing financial empowerment education within communities
Old National Bank dedicates resources to advance financial education and empowerment programs throughout the bank’s entire footprint. ONB’s
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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.