Powell reiterates stronger case for cut amid economic risks
Federal Reserve Chairman Jerome Powell said that the downside risks to the U.S. economy have increased recently, reinforcing the case among policy makers for somewhat lower interest rates.
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Local investment adviser facing lawsuit over soured business deal
In the lawsuit, a Pendleton financial adviser says he purchased client accounts from a fellow adviser who then defamed him and persuaded some of those clients to move their money elsewhere.
Fed leaves its key rate unchanged but hints of future cuts
In its statement Wednesday, the Fed removed a reference to being “patient” about adjusting rates. That suggested that the Fed is now inclined to begin cutting rates for the first time in more than a decade. It remains unclear when that might happen.
Company that proposed Carmel event center accused of fraud in federal suit
A small group of retirees paid a combined $6.2 million last year for stakes in a proposed event center in Carmel that never was built. The investors claim they were duped in a vast fraud involving financial advisers, a property broker and a bankrupt company called Noah Corp.
Facebook currency Libra faces financial, privacy pushback
Facebook is getting a taste of the regulatory pushback it will face as it creates a new digital currency with corporate partners.
Fed likely to leave rates alone but signal readiness to cut
Economists say when—or even whether—the Fed eases credit this year will depend on a host of factors that are hard to predict.
Trump says he plans to keep criticizing Fed over rates
President Donald Trump said he thinks economic growth and stock market indexes would be substantially higher if the Federal Reserve hadn’t raised interest rates so much.
First Merchants Bank settles federal lawsuit alleging redlining
According to the complaint, First Merchants “engaged in unlawful redlining in Indianapolis by intentionally avoiding predominantly African-American neighborhoods because of the race of the people living in those neighborhoods.”
City to unleash millions in tax credits for ‘signature’ projects
The city of Indianapolis is set to receive $55 million in New Markets Tax Credits from the U.S. Department of the Treasury, which it will use to finance high-impact projects in low-income or distressed areas.
DePauw grants $1M from endowment to student investment group
For most of the school year, the DePauw Investment Group oversaw only about $160,000. But the stakes skyrocketed in April when DePauw’s board of trustees added $1 million from the university’s $731 million endowment.
High Alpha portfolio firm Anvl raises $2M in seed funding
Anvl plans to use the funds to grow its platform and hire employees in sales, services, engineering and marketing, company officials said.
Carmel tech firm Lumavate raises $3M in growth capital
The software-as-a-service firm has raised $10 million in growth capital since being founded in mid-2015, company officials said.
Supreme Court to hear bid to limit retirement-plan lawsuits
The U.S. Supreme Court agreed to use an appeal by Intel Corp. to consider tightening the deadlines for lawsuits over the investments made by worker retirement plans.
Fed rate cut looks more likely, but question is when, how big?
Fed watchers say the latest economic data boost the odds that central bank will move sooner rather than later to lower rates.
Tax credit change poised to boost supply of venture capital from out of state
Indiana startups might soon have an easier time attracting out-of-state investments thanks to a change lawmakers made this year to an instrumental tax incentive program.
Powell hints Fed will cut rates if needed over trade wars
Expectations are rising that the Fed will cut rates at least once and possibly twice before year's end, in part because of the consequences of the trade war.
Developer investing $30M to buy, rehab Nora apartment complex
The 254-unit Nora Pines would be renamed but remain affordable housing. TWG Development is asking the city to issue $17.6 million in bonds for the project, which the developer would be responsible for repaying.
IBJ Podcast: Pete the Planner talks about paying for college
IBJ personal finance columnist Peter Dunn talks with podcast host Mason King about three key components of paying for college: saving in advance, paying some expenses in the moment and preparing your kids to make good choices.
Indiana bankers group launches insurance agency
The Indianapolis-based Indiana Bankers Association has created a bank-focused insurance agency called IBA Insurance Solutions.
Carmel-based bank opens Chicago office
Carmel-based Merchants Capital Corp. opened a mortgage production office in downtown Chicago last month.