Celadon gets six-month extension from NYSE to avoid delisting
The extension gives Celadon until May 2 to file several delinquent quarterly and annual financial reports with the Securities and Exchange Commission.
Banking & Finance
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Merchants Bancorp shares rise in trading debut after IPO
The Carmel-based bank raised $100 million, which it plans to use for a new acquisition and to further fuel growth.
Trump names Treasury official to be acting IRS commissioner
The appointment came the same day the Trump administration agreed to a "very substantial" payout to hundreds of tea party groups to settle a class-action lawsuit over burdensome IRS scrutiny in 2012.
$1B bank merger notable for absence of egos
An army of MainSource Financial Group executives will have key roles at First Financial Bancorp after First Financial completes its purchase of the Greensburg-based bank early next year.
Trump, GOP at odds over using 401(k)s to pay for tax cuts
While the president insists the popular retirement plans will remain untouched, lawmakers are open to revisions.
Trump wants to make mark on Fed, but could keep ‘terrific’ Yellen
President Donald Trump said he’s narrowed his Federal Reserve decision to “two and maybe three people” and an announcement will come in a “very short period of time.”
Is U.S. economic recovery nearing its end after 8 years?
The chief investment strategist for Fifth Third Bank says the economy is in the seventh inning of its recovery, which is "good news." But headwinds in the labor market could be limiting the potential for growth.
Senate GOP moves to repeal consumer banking rule
Vice President Mike Pence cast the final vote to break a 50-50 tie. The banking industry had been lobbying hard to roll back the regulation from the Consumer Financial Protection Bureau.
Trump rejects idea of new caps on 401(k) savings in tax plan
President Donald Trump on Monday shot down reports that House Republicans were considering tweaking or capping one of the most popular breaks.
Muncie bank buying smaller competitor for $66M
Muncie-based MutualFirst Financial’s purchase will give it additional locations in the Indianapolis market, where it currently has only one office.
Education agency blasted amid student loan scam crackdown
Federal and state agencies are cracking down nationally for the first time on scams that gouge student loan borrowers, but critics say the U.S. Department of Education isn't helping.
First Internet sees record profit, big loan growth
The Fishers-based parent of First Internet Bank also saw big increases deposit growth and net interest income.
Dow passes 23,000 on another record-setting day for stock market
The Dow Jones industrial average, Standard & Poor's 500 index and Nasdaq composite index also finished at record highs.
Trump says his Fed chair pick will be one of five already named
President Donald Trump said he plans to choose from among five finalists to be the next Federal Reserve chair and will make his decision soon.
Billionaire Cook slips on Forbes 400 list despite boost in wealth
Carl Cook, Indiana’s richest resident, has added to his $7.2 billion net worth from last year, but the Forbes 400 has dropped him lower in its list of richest Americans. Two other Hoosiers are on the list.
Yellen sounds upbeat on economy, signaling likely rate hike
Federal Reserve Chairwoman Janet Yellen on Sunday sketched a bright outlook for the U.S. economy and for inflation prospects in coming months, saying the impact of the recent hurricanes will likely slow economic growth slightly but only temporarily.
Indiana venture capital activity picks up in third quarter
Venture capitalists have been on a spending spree so far in 2017, but have been investing more money in fewer companies, national surveys show.
OneAmerica keeps AA- rating
OneAmerica is among just 8 percent of U.S. life insurers with an S&P rating of AA- or higher and an A.M. Best rating of A+ or higher.
Chase stays atop ranking of biggest banks in Indy
As of June 30, New York-based Chase held $8.6 billion in deposits within Marion County, which represents a local market share of 30.1 percent.
FBI raids financial services firm in Westfield
The bureau so far isn’t sharing details on its interest in Banc-serv, which provides services for small business lenders.