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2,499 results found
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2022 LPL Financial Club Level Recognition
For 2022, 26 Old National Investments (ONI) Wealth Advisors qualified for one of LPL Finacial's club levels.
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3 Customer Retention Strategies to Avoid Like the Plague
Not all customer retention strategies are equally effective. Here are a few to avoid when building your customer base
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Could Downsizing Your Home Be Your Ticket to a Secure Retirement?
It's natural to worry about money in retirement. Even if you're coming in with a decent nest egg, you never know what expenses your senior years might
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Employers peg pay hike budgets at 3.5% for 2026
Employers are projecting an average salary budget increase of 3.5% for 2026, according to new research from Mercer.
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Markets Gain Clarity as the Election Dust
Markets Gain Clarity as the Election Dust Settles The professionals at Old National Investments are affiliated with LPL Financial, a leading
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The ‘Silver Tsunami’ Is Reshaping Small Business: Why Exit Planning Can’t Wait
As a new year begins, exit planning should be a priority for any small business owner approaching retirement.
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Tips to Help Entrepreneurs Create Self-Sustaining Businesses
Just like with personal or family wealth that will need to be passed on, the long-term future of your business, including succession, is something that all entrepreneurs must consider, sooner or later.
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Joe E. Chasteen
Joe E. Chasteen is Chief Revenue Enablement Officer at Old National Bank.
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3 Ways to Create Corporate Culture That Values Mentorship
According to an Olivet Nazarene University study, 76% of professionals see the value in having a professional mentor—yet only 37% of people currently have one.
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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.