In a lecture Thursday, Federal Reserve Chairwoman Janet Yellen suggested that global economic weakness won't likely be significant enough to dissuade the Fed from raising its key short-term rate from zero by December.
The Federal Reserve on Thursday decided to keep U.S. interest rates at record lows in the face of threats from a weak global economy, persistently low inflation and unstable financial markets.
Will the Fed raise the benchmark short-term interest rate from a record low on Thursday afternoon? Economists remain unsure, though the consensus seems to have shifted against the likelihood of an increase.
The dismissal sidelines an array of allegations related to a soured purchase of bonds from prominent homebuilder Estridge Cos. and other transactions that went south.
The Monument Circle church suffered a setback in May after a judge threw out most of the case against the banking giant but give it a chance to refile most of its claims.
After quiet debuts, Chase Bank and Fifth Third Bank plan to continue deploying tablet-interfaced ATMs in central Indiana, a sign that the slimmer machines might be a permanent fixture as banks rely less on tellers.
Now we know exactly how much of a fortune—or not—that larger, Indiana-based banks are generating from those ill-timed debit and ATM transactions.
Cincinnati-based First Financial Bancorp has agreed to pay $110 million to acquire Indianapolis-based Oak Street Holdings Corp., a lender to insurance agents and brokers, the bank announced Thursday afternoon.
Ameriana shareholders said in the complaint that the $69 million offer is “inadequate” and that the deal deters competing bids.
James P. Alender has taken over as CEO of Indianapolis-based Salin Bank & Trust Co., a family owned bank with 19 branches and assets of more than $750 million.
It marks the second announced acquisition in less than a year for First Merchants, underscoring growth plans for the second-largest Indiana-based bank.
Fifth Third Bancorp said it plans to close or consolidate about 100 branches and has abandoned plans for 30 new ones. The company has more than 40 branches in the Indianapolis area.
Many analysts predict that if the economy keeps improving, the Fed will raise its key short-term rate in September. That rate has been held near zero since 2008.
Federal Home Loan Bank of Indianapolis is seeing plenty of interest in affordable housing.
Christ Church Cathedral sued JPMorgan last year, saying the bank selected unsuitable and poorly performing investments, causing the church trusts to lose $13 million in value from 2004 to 2013.
Centier Bank intends to fill the downtown office space to be vacated by First Financial Bank, which recently opened elsewhere downtown.
Merchants Bank of Indiana plans to move its corporate headquarters into a 100,000-square-foot building to be constructed in Carmel’s Midtown development. The $25 million project also will contain a multi-vendor retail operation.
It was the fourth straight quarter of earnings growth for First Internet, which passed the $1 billion mark in assets during the quarter.
The Indiana-based bank holding company’s quarterly earnings met analyst expectations, but revenue fell slightly short of predictions.
Expected to take effect in May, the Indianapolis layoffs are part of a company-wide strategy to wind down student loan services.
