Search for Money Markets and Rates

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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. Emerging Financially Healthy After a Gray Divorce
   Laura and Caroline are in their late 50s. Friends since meeting at a playgroup for their toddlers, both were in long-term, seemingly happy marriages.
3. How to pay back your student-loan debt, no matter where you start or what type of loans you have
   There are several repayment plans to choose from to help you pay back your student loans. The right strategy for you will depend on your goals, lifestyle, and the type of loans you have. At any point during repayment, consolidating or refinancing your student loans can streamline your monthly payments and help you save
4. Personal Loan for Home Improvements
   If you need fast cash, have a small project, or have no equity in your home, a personal loan for home improvements can be a great option. Learn why.
5. 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
6. Security
   As your financial partner, Old National is passionately committed to protecting the security of your accounts and personal information.
7. 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.
8. 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
9. 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.
10. 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