Yellen says ‘case for an increase’ in rates has strengthened
Federal Reserve Chairwoman Janet Yellen sketched a picture Thursday of an improving U.S. economy. The Fed is widely expected to raise the federal funds rate when it meets in mid-December.
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Fed widely expected to leave key interest rate unchanged
With voters set to choose a new president and Congress in six days, the Federal Reserve will likely keep a low profile when it ends a meeting Wednesday to try to ensure it doesn't become part of the debate at the close of a tumultuous political campaign.
In economic ballgame, U.S. is in ‘seventh inning,’ strategist says
The chief investment strategist for Fifth Third Bank on Friday tried to temper optimism in an economic forecast for 2017, noting global headwinds that could curtail growth.
First Internet reports record quarterly earnings
Fishers-based First Internet Bancorp on Thursday reported rising earnings for the ninth time in 10 quarters.
Banks ramp up push to bring ‘unbanked’ into fold
Financial institutions in central Indiana are increasingly rolling out services aimed at the 765,000 Hoosier households who have no banking relationship or have accounts but also use alternative financial services such as check-cashing shops.
Banks look to pay more to retain employees
A survey found bank employees are changing jobs at the fastest pace in a decade, with non-officer turnover at 18.7 percent and officer turnover at nearly 7 percent.
PNC survey finds business owners are optimistic
Small and midsize business owners in Indiana expect the state’s economy will continue to grow at a slow and steady pace, even though they are dissatisfied with the economic plans of both presidential candidates, according to newly released data.
Federal Reserve keeps key rate unchanged but hints of coming hike
The Fed made clear in updated forecasts it issued Wednesday that it expects growth to remain tepid for at least three years.
Fifth Third Bank to shed 44 branches system-wide
Cincinnati-based Fifth Third has about 44 branches and about 490 employees in the Indianapolis area.
Wells Fargo fined $185 million for improper account openings
Regulators fined Wells Fargo a combined $185 million on Thursday, alleging the bank's employees illegally opened millions of unauthorized accounts for their customers in order to meet aggressive sales goals. More than 5,000 employees were fired in connection with the behavior.
Bank bucks trend by opening teller-less branch in grocery
Some banks have been closing their mini-branches in stores, but PNC Financial Services is applying the trend toward automated transactions to its new location in Carmel’s Market District Supermarket.
Yellen suggests rate hike is coming but offers no timetable
Federal Reserve Chairwoman Janet Yellen sketched a generally upbeat assessment of the economy in a speech to an annual conference of central bankers in Jackson Hole, Wyoming.
About 2,800 Hoosier borrowers eligible for HSBC reimbursements
Borrowers whose mortgages were foreclosed upon between 2008 and 2012, with servicing abuses by HSBC, are eligible for part of the $470 million federal-state settlement with the lender.
Old National Bank names new local chief executive
Mark Bradford has been named CEO of Old National’s Indianapolis Region, replacing Randy Reichmann, who held the position for more than decade.
Growing Missouri bank opens commercial office in Indy
Commerce Bank, which has operations in at least 11 states, tapped a local banking veteran to lead the new office, which is based on the north side.
JPMorgan settlement with Indiana draws interest of other states
JPMorgan Chase & Co. has reached a settlement with Indiana regulators related to its asset management business, and now other states are expressing interest in how Indiana built its case.
First Internet Bancorp builds war chest for growth
The bank said it plans to use the $23 million it raised to fund organic growth, possible acquisitions and other corporate purposes.
As Fed ends meeting, few expect much clarity on next hike
The Fed is expected to issue a statement that acknowledges the strengthening economy without providing much explanation about when the next rate hike might occur.
PROXY CORNER: MainSource Financial Group Inc.
Greensburg-based MainSource Financial Group is the holding company for MainSource Bank, which has 91 offices in Indiana, Illinois, Kentucky and Ohio.
U.S. stocks resume selloff as ‘Brexit’ angst continues
U.S. stocks on Monday resumed a selloff sparked by Britain’s shock vote to leave the European Union, with the Dow Jones industrial average falling more than 250 points.