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Insights
Looking for financial inspiration? Browse our tips and advice. You’ll find articles on personal finance and on the finances and economics of business.
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Sandwich generation: How do you decide whose needs come first?
Squashed, spread too thin, nothing left. This is not how you want your lunch described, but for those who are part of the “sandwich generation,” these descriptions are all too accurate.
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3 Questions to Ask Your Partner Before Opening a Joint Bank Account
My husband and I were married for many years before we finally opened a joint checking account together.
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Tips for CFOs seeking tariff refunds
The Supreme Court’s February ruling opened the door to new questions for CFOs about the mechanical process their companies must navigate to recoup any IEEPA tariff refunds owed, as well as about the impacts any windfall might have across their business.
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4 Things Budgeting All-Stars Do
Following a budget may not seem like the most fun way to live. But actually, sticking to a budget can, to some extent, buy you financial freedom. If you're able to manage your money so that you're not forced to borrow in a pinch, you won't be shackled by debt payments like so many other Americans. If you're new to budg
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How ESG could transform insurance into a more sustainable sector
Data scientists and software developers around the globe recognize Hello World as a common way programmers are introduced to coding in a new language.
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5 labor trends HR can expect in 2024
Good morning! Indeed’s Hiring Lab released its 2024 jobs and hiring trends report this morning, examining changes in job postings, labor
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Steps You Need to Take When Expanding Your Business Internationally
The rise of globalization and technological advances have enables many small business owners expand their business internationally, which they could not even think about in the past. Now they can sell to people in any corner of the world by merely establishing website, listing their products and utilizing services of t
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Profile: Old National Bank’s New Financial Institutions Group Leverages SWIFT Capabilities
In banking and finance, where the only constant is change, Old National stands out with its new Financial Institutions Group
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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.