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Banking & Finance

What does it mean to 'max out' your retirement plan?

Aug 25, 2019 1:00 AM - People get a little confused when others frequently talk about "maxing out" all their various accounts. What do they mean, exactly?
Strategic Wealth Partners earns Financial Times honor

Aug 21, 2019 10:34 AM - Strategic Wealth Partners Group LLC has been named one of the Financial Times' Top 300 Registered Investment Advisors in the publication's 2019 listing.
Great Lakes acquires Chicago credit union

By Richard Klicki
Aug 18, 2019 5:39 PM - Great Lakes Credit Union announced it has merged with North Side Community Federal Credit Union, the second such merger of credit unions announced within a week.
Worried about a recession? Protect yourself but don't panic

By SARAH SKIDMORE SELL
Aug 18, 2019 6:00 AM - Financial experts say people should consider taking certain steps that are beneficial in any economy but would aid households greatly in a downturn.
Analysis: What is an 'inverted yield curve,' and why does it matter?

Jonnelle Marte
Aug 18, 2019 6:09 AM - Investors are spooked by a scenario known as the "inverted yield curve," which occurs when the interest rates on short-term bonds are higher than the interest rates paid by long-term bonds. What it means is that people are so worried about the near-term future that they are piling into safer long-term investments.
Robots are solving banks' very expensive research problem

Charlotte Ryan
Aug 17, 2019 6:00 AM - Using so-called artificial intelligence to automate swathes of the research process is quickly gaining traction because cost-conscious investment banks are downsizing.
Leaders Bank wins community service award

Leaders Bank
Aug 19, 2019 9:55 AM - Oak Brook-based Leaders Bank joined two other Illinois banks as recipients of the 2019 Community Service Awards presented by Illinois Bankers Association.
China promises 'countermeasures' in trade war, unmoved by U.S. tariff delay

By Taylor Telford and Thomas Heath
Aug 16, 2019 10:55 AM - China announced Thursday that it would take "necessary countermeasures" if President Donald Trump moves forward with tariffs set to take effect Sept. 1, continuing the back-and-forth escalation of the trade war even as the conflict elevates fears of a global economic slowdown.
42% of Americans say they can't afford a vacation

By Luke McGrath
Aug 14, 2019 10:12 AM - A new Bankrate survey found 42% of Americans decided not to take a vacation over the past year because of the cost. Americans say they can't afford a vacation
Legistaors provide insight at CCU luncheon

Submitted by Consumers Credit Union
Aug 14, 2019 1:00 AM - Consumers Credit Union recently hosted a luncheon for state legislators at the credit union's administrative headquarters in Gurnee. "The primary goal for the luncheon was for CCU leaders to hear firsthand about issues important to the constituencies of legislators representing our primary service area," said Sean M. Rathjen, CEO of Consumers Credit Union.

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