Carmel-based Baker Hill accelerating growth with product launch, partnerships
The financial software firm this week announced a strategic partnership it said should accelerate the company’s growth and local employee base.
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New Carmel-based venture fund to invest $50M in security products, technology
The fund, launched by the security-products company Allegion Plc, plans to pursue investments globally. But a spokeswoman said, “Indianapolis' thriving tech industry makes this the perfect time and place to launch the tech-focused fund.”
State set to unleash new venture funding
The Hogsett administration and the City-County Council are weighing whether to kill a little-known organization that has quietly worked the past two decades on the redevelopment of key downtown projects.
Adviser admits defrauding former Colt of $4.7M
Under the terms of the plea agreement, Kenneth Ray Cleveland of suburban Los Angeles is required to make restitution to former Colt Cory Redding.
Banks have returned to commercial real estate in a big way, but regulators urge caution
The segment crashed in the financial crisis that began in 2008, forcing banks to write off billions of dollars in loans. But it’s roared back since, and last year national commercial real estate lending surpassed its 2008 peak.
Transaction data suggest bitcoin may be losing popularity
The average number of trades recorded daily has roughly dropped in half from the December highs and touched its lowest in two years last month, even as bitcoin became a household name and roared back to near $11,000.
$1B First Financial-MainSource deal gives boost to army of advisers
Completing the transaction will be highly profitable for the investment banking firms representing the institutions.
Former stockbroker Buck to be sentenced in April
Thomas. J. Buck, a former top investment broker who was fired by the local office of Merrill Lynch in 2015 after nearly 34 years with the firm, is scheduled to be sentenced next month after pleading guilty in January to one count of securities fraud.
U.S. problem-bank list continues to shrink
The number of financial institutions on the Federal Deposit Insurance Corp.’s problem-bank list has fallen below 100 for the first time in a decade.
Committee chairman kills divisive payday lending bill
The bill called for the creation of a new type of payday loan that would have allowed for annual percentage rates of up to 222 percent.
Powell says outlook strong, signaling gradual rate hikes
Federal Reserve Chairman Jerome Powell told Congress on Tuesday that the outlook for the U.S. economy "remains strong" despite the recent stock market turbulence, keeping the central bank on track to gradually raise interest rates.
Five things to look for when new Fed chair Powell meets Congress
When Jerome Powell testifies to Congress on Tuesday in his first public appearance as chairman of the Federal Reserve, investors will be paying close attention to his every word.
Student-debt firms shielded from state probes in new federal plan
Student-loan debt collectors accused of misleading borrowers would get more protection under a proposal from the Trump Administration.
Payday lending bill faces uncertain fate in Indiana Senate
The Republican leader of the Indiana Senate says he is opposed to legislation to expand payday lending and allow for rates more than triple what is currently permitted under the state's criminal loansharking law.
New IU venture fund could be ‘game changer,’ draw top faculty, students
The IU Philanthropic Venture Fund—which will back IU-related research and startups—is already fully funded to the tune of $15 million.
Baldwin & Lyons reveals departure of chief operating officer
The Carmel-based transportation insurer did not say why the executive left the company. The news comes less than two years after another big shakeup that saw three executive departures.
Fed rate hikes squeezing even the nation’s hottest automaker
Subaru Corp., the only car manufacturer to boost U.S. sales every year in the last decade, is continuing to offer cheap financing on models even as rates rise, pinching margins in a plateauing market.
Enron fraudster to speak at investment forum in Carmel
Former Enron CFO Andy Fastow, who was sentenced to six years in prison for his role in the Enron scandal, is expected to tell local financial analysts how the fraud unfolded and what he learned from the experience.
Wisconsin-based startup accelerator plants flag in Indy
Gener8tor, which takes ownership stakes in startups in return for providing intensive guidance, will launch a free program in Indianapolis this spring that will provide coaching for seven weeks to five promising Hoosier companies.
Carmel-based Merchants Bancorp reports record profit for 2017
The bank, which went public in October, says it saw especially strong growth in its multifamily mortgage business last year.