Banking & Finance – Page 82 – Indianapolis Business Journal

IU panel pessimistic about 2016 economy

November 5, 2015

Real output growth in 2016 will average about 2.5 percent, which will be a little better than this year, but only equal to 2014, according to the forecast from Indiana University's Kelley School of Business.

Fed’s most powerful trio keeps December rate rise on table

November 5, 2015

Federal Reserve Chairwoman Janet Yellen and New York Fed President William Dudley said the central bank could boost interest rates as soon as next month, while Fed Vice Chairman Stanley Fischer voiced confidence that inflation isn’t too far below the goal.

Stonegate Mortgage’s third-quarter loss more than expected

November 5, 2015

The Indianapolis-based non-bank mortgage company took a loss of $22.8 million in the third quarter as revenue fell 45 percent from a year ago.

Governor makes Huge appointment to Indiana Finance Authority

October 30, 2015

Dan Huge has been named public finance director of the Indiana Finance Authority, a position with which he's already familiar.

Indy Chamber beefs up its microlending territory

October 30, 2015

The U.S. Small Business Administration blessed the Chamber’s microlending division with a new designation, giving it more cash to deploy and a bigger geographical footprint.

Merger chatter casts cloud over Dow AgroSciences

October 29, 2015

Talk of synergies and consolidation may warm the hearts of investors, who are eager for Midland, Michigan-based Dow Chemical to boost returns, but they cast uncertainty over some of central Indiana’s best scientific jobs.

Small biz agency graduates first mini-MBA class

October 29, 2015

The Emerging Leaders program, managed by the Indiana SBA office, runs for seven months and targets entrepreneurs from historically challenged communities.

Fed keeps rate at record low after slowdown in job growth

October 28, 2015

The Fed offered little clarity on the likely timing of a rate hike. Some Fed officials have signaled a desire to raise rates before year's end. But tepid economic reports have led many analysts to predict no hike until 2016.

Forecast for 2016: Strategist says slow economic growth ahead

October 28, 2015

If the U.S. economy were a compact car, it would be running on just three of four cylinders. That was the central message of a Fifth Third Bank expert at IBJ's 2016 Economic Forecast on Wednesday.

First Internet continues run of profit increases

October 23, 2015

First Internet Bancorp, the parent of First Internet Bank, has seen its stock rise 91 percent since the beginning of the year.

Obama officials resist call to release mortgage giants

October 22, 2015

The U.S. owns nearly 80 percent of Fannie Mae and Freddie Mac, and investors have been pressing the administration to unwind a 2012 decision to sweep their profits to the Treasury Department.

Former Indianapolis developer tries to avoid return to jail

October 22, 2015

Sydney "Jack" Williams is at risk of going to jail for the second time since he avoided charges in a massive Ponzi scheme run out of Miami.

Anthem shares sliding after Clinton calls for merger review

October 22, 2015

Shares in Anthem Inc. and Cigna Corp., which agreed to a $48 billion deal in July, continued to slide Thursday after presidential candidate Hillary Clinton said mergers in the industry deserve more scrutiny.

Indiana startups snare surging venture capital

October 20, 2015

Firms landed more than $28 million in the third quarter, the highest quarterly total in three years and a sign of accelerating entrepreneurial momentum in the state.

Supreme Court could weigh in on student debt battle

October 19, 2015

The lawsuit asks the court to clarify 1970s-era rules that prevent borrowers from getting rid of education debt in bankruptcy, except in cases in which repaying it would constitute an “undue hardship.”

HC1.com raises $13.2 million in growth capital

October 19, 2015

The Indianapolis-based firm, which sells health care-management software, said it plans to use the funds to grow its sales and marketing teams, and bolster distribution channels.

Angie’s List activist investor pushes HomeAdvisor merger

October 16, 2015

The New York-based investor that’s been boosting its stake in Angie's List in recent months has gone public with its demands, blasting the company's chairman and urging a merger.