Legend has it that Frederick Macaulay faced a very difficult math problem in 1938.
He was tasked with determining how long a 50-year bond issued to finance a railroad locomotive would effectively... >>more
Community banks have long differentiated themselves by personalized, local service. But what happens when the level of service community banks provide to customers isnít matched by the service level... >>more
Differing views about the threat of inflation were presented to members of the Missouri Bankers Association at their annual convention in Branson last month. Economist Elliot F. Eisenberg, president... >>more
Historically, it has been a challenge for financial institutions to accurately plan for future interest rate changes. Today, however, banks are better equipped to do so due to new regulatory... >>more
About three years ago, I was at a meeting in which senior officials from the American Bankers Association relayed a problem that had been communicated by their community bank members: Having... >>more