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.
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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.
CFO of MainSource lands promotion following sale
Cincinnati-based First Financial Bancorp is making changes to its executive lineup as it prepares to acquire Greensburg-based MainSource Financial Group for $1 billion.
Chase’s Al Smith has spent nearly half-century atop Indiana banking
Smith returned to his hometown of Indianapolis in 1969, when he became an executive vice president of American Fletcher National Bank.
SEC asked to probe trades of student loan giant Navient
The AFL-CIO is asking regulators for a review of possible insider trading involving shares in Navient Corp., which has major operations in Fishers.
Email leads to $2.6M VC deal for local email-software firm
Indianapolis-based 250ok had shunned venture-capital suitors for years—until a North Dakota-based venture capital firm emailed it with the right message.
World economy picking up speed, International Monetary Fund says
The United States, the 19-country eurozone, Japan and China are all forecast to grow faster this year.
Ex-banker gets 5-year sentence for stealing customers’ money
A former assistant manager has been sentenced after pleading guilty to stealing hundreds of thousands of dollars from depositors. She said she stole the money after she became addicted to playing slot machines.
Federal regulator clamps down on payday lending industry
Payday and auto title lenders will have to adhere to stricter rules that could significantly curtail their business under rules finalized Thursday by a federal regulator.