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Trade negotiations and falling unemployment rates: these are just a couple of the trends confronting American business today. As companies grapple with the broader forces of change, the decisions they make could have far-reaching consequences for community banks and credit unions.
But what does it mean to have an open mindset? For legacy financial services providers, it comes down to committing to an openness to several key shifts.
Since the change was announced, the weighty questions that the market has been grappling with are: What will happen to this rate and other IBORs? And how will banks handle this transition?