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1. 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.

2. 4 Things Small Businesses Should Consider In Today’s Economy
   The increasing complexity of the current economic environment can be overwhelming for business owners, and this concern is only amplified by the ongoing conversations and coverage in the media.
3. For the last five years we have been told that we are living in volatile times of mass disruption and destabilization – at least that is what business publications have been saying
   For the last five years we have been told that we are living in volatile times of mass disruption and destabilization – at least that is what business publications have been saying. Then, 2020 happened. Now that we are experiencing true volatility, real adjustments need to be made and forward-thinking business leaders
4. How To Grow A Small Business Sustainably
   Small businesses need more than just quality products and services to stay competitive. Long-term success requires a well-rounded strategy that aligns with overall business operations.
5. How to Use Rent Payments to Increase Your Credit Score
   Are you one of the over 40 million people currently renting? Here’s a little secret: it can help improve your credit score. Like it or not, your credit affects just about every aspect of your financial life. Whether you’re trying to buy a house, a car — or even a fancy new phone, your credit score is the first thing le
6. Deciding What To Do With The 401(k)s You Left Behind
   If you’ve changed jobs throughout your career, chances are you have at least one or two 401(k)s with former employers. If you’re like most people, you’ve probably been unsure about what to do with that money and just left it in the plans. Now that time has passed and your financial decisions are more deliberate, you ma
7. How Can You Grow Your Small Business With Micro-Influencers?
   How much do you know about micro-influencers? The way we find out about the products and services we love has evolved at an exponential rate over the years. However, one fact will always remain the same; we are more likely to make a purchase when the product is recommended by the people we trust. And whether you find o
8. 6 Steps To Financial Empowerment For Business Owners
   Women entrepreneurs often face challenges on the path to financial empowerment. Consider these strategies for overcoming barriers and growing your business
9. Do You Need Small Business Liability Insurance? 5 Questions to Ask
   Keeping your operating costs low is a major concern when you're running a small business. There may not be room in your budget for optional add-ons right now, so you feel you have to stick to the essentials. As a result, you've probably wondered: Do you need small business insurance? Or is it an extra cost you can forg
10. Adjustable Rate Mortgage (ARM)
    An Adjustable Rate Mortgage from Old National can help get you into a new home at a lower initial rate. Apply for your mortgage online.