Allstate plans to add more than 200 agents in Indiana
The insurer said it is looking for 15 new agency owners in Indianapolis who will hire 46 sales agents after they open for business.
Banking & Finance
Articles
Six arrested in 2011 killing of former Indianapolis banker
Federal authorities announced Wednesday that they have solved the high-profile orchestrated killing of a former Indiana banking executive who was shot to death more than seven years ago while driving home from work.
Trump considering Pence aide to run Fannie Mae/Freddie Mac
Vice President Mike Pence’s chief economist, Mark Calabria, is a leading candidate to replace Federal Housing Finance Agency Director Mel Watt, a Barack Obama appointee who has led the regulator since President Donald Trump took office.
Carmel-based Merchants Bancorp to acquire Florida-based lender
NattyMac, which was established in 2004, has a historical connection with Indianapolis and was sold to its current owner in 2017 for $211 million.
Federal Reserve survey cites rising concerns about trade tariffs
The report, known as the beige book, found that optimism about the future had waned somewhat, with business contacts citing “increased uncertainty.”
High Alpha raises $14 million to launch latest tech company
The software-as-a-service company, launched Wednesday, will be led by well-known local tech executive Scott McCorkle.
U.S. stocks nosedive as trade jitters return
The Dow Jones industrial average sank almost 800 points Tuesday as investors worried that a U.S.-China trade truce reached over the weekend wasn't all it was cracked up to be.
State fines investment firm $450K for ‘deficiencies’ in Indiana
Investment firm LPL Financial has agreed to pay a civil penalty for "various deficiencies" related to supervision of its Indiana operations, the Secretary of State’s office said Monday.
Stocks have best day in months after Fed chairman hints at fewer interest hikes
Stocks surged on Wall Street on Wednesday, with huge gains by every major U.S. index, after Federal Reserve Chairman Jerome Powell suggested the central bank might consider a pause in its interest rate hikes next year.
Powell: U.S. economy healthy, rate hikes aren’t automatic
Federal Reserve Chairman Jerome Powell cast a bright picture of the U.S. economy Wednesday and appeared to suggest that the Fed might consider a pause in its interest rate hikes next year, igniting a rally on Wall Street.
Q&A: Stocks slide into another market ‘correction’
According to research firm CFRA, this is the first time since World War II that the S&P 500 has had two corrections in the same calendar year.
Worst day of an awful year leaves no corner of market unscathed
One of the toughest years for financial markets in half a century got appreciably worse Tuesday, with simmering weakness across assets boiling over to leave investors with virtually nowhere to hide.
Global markets sink again as tech, retail stocks struggle
Stocks were skidding again Tuesday as weak results from retailers and mounting losses for big technology companies pushed the market back into the red for the year.
Black Friday breathing life back into no-interest auto loans
The share of U.S. vehicle sales financed with zero-percent loans has been shrinking, but several automakers are rolling out no-interest loans for Black Friday.
Turbulent stock market spooks some older workers, retirees
Volatility has sparked concern with some investors, particularly the group that was hit particularly hard during the most recent financial crisis.
Developer in downtown hotel project sues bank in rift over relocating branch
Loftus Robinson plans to transform the 16-story tower into a 130-room Kimpton-brand hotel. But it says it has hit a snag with moving Centier Bank from the ground floor.
New consortium to promote, facilitate investments in state ‘opportunity zones’
Investors who want to take advantage of the “opportunity zones" provision created by last year’s federal tax overhaul are about to receive more help in Indiana.
Fed leaves key rate unchanged, but sees further hikes ahead
The Federal Reserve portrayed the economy as robust, with healthy job growth, low unemployment, solid consumer spending and inflation near its 2 percent target.
Fed likely to keep rates on hold, sketch a bright outlook
With the economy strong, wages rising and unemployment at a near-five-decade low, the Federal Reserve remains on track to keep raising interest rates — just not this week.
BMO Harris hires new Indiana commercial banking executive
BMO Harris has added a former JPMorgan Chase exec to lead its commercial banking efforts in central Indiana and around the state.