With the financial crisis and subprime mortgage bust receding further into history, the government is loosening some financial rules, hoping to inject more life into the country's still-recovering housing market.
See how the 25 largest banks operating in the Indianapolis area stack up according to their local assets.
After seemingly endless adversity, bankers anticipate brighter future. Look here to see how local institutions compare based on common measures.
New details on a cyberattack against JPMorgan Chase add to increasing doubts over the security of consumer data kept by lenders, retailers and others. The breach compromised customer information pertaining to roughly 76 million households and 7 million small businesses.
The justices agreed Thursday to take up a case that challenges the theory that certain housing or lending practices can illegally harm minority groups, even when there is no proof of intent to discriminate.
Kevin O’Toole has been named CEO of Managed Health Services, an Indiana-based unit of St. Louis-based Centene Corp. Managed Health Services administers health benefits for Hoosiers enrolled in Medicaid and the Healthy Indiana Plan, and also sells individual health insurance on the Obamacare exchange. O’Toole replaces Patrick Rooney, who has been promoted to senior vice president of health plans at Centene, overseeing five states, including Indiana. O’Toole joined Centene in 2012 as vice president of health plan operations in St. Louis. He previously worked as vice president of operations of Medco Health Solutions Inc. in Tennessee. O’Toole has a bachelor’s degree in microbiology, a master’s of health administration, and an MBA, all from the University of Missouri-Columbia.
John Reed, 70, one of the state’s leading experts in bank mergers and acquisitions, starts a new job Monday with City Securities Corp. after 23 years with the local office of Chicago-based David A. Noyes & Co.
The average fee for using an out-of-network ATM has vaulted 23 percent over the past five years. It has notched a new high for eight years in a row.
Former Indy Chamber President John Myrland has been hired by Old National Bank in the new position of community engagement executive for its Indianapolis region, the bank announced Thursday.
Wells Fargo is unveiling a $4.5 million program in Indianapolis that would provide a huge chunk of up-front money for eligible homebuyers.
The FDIC says 57.5 percent of banks reported an increase in profit in the second quarter from a year earlier. They reduced their expenses, and lending marked its fastest pace since 2007.
First Horizon Home Loans claims the owner of the Villagio at Page Pointe still owes nearly $5.2 million on an $11.6 million loan and is asking a court to appoint a receiver to manage the property until it’s sold.
The Gold Building and Two Market Square have been struggling to maintain tenants and face a potential exodus of others to the county’s proposed criminal justice complex.
Christ Church Cathedral has filed a federal lawsuit against JPMorgan Chase, alleging the bank’s “intentional mismanagement” and “self-dealing” led to $13 million in losses in church trust accounts endowed in the 1970s by Eli Lilly Jr.
Bank of America is nearing a $16 billion to $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, a person directly familiar with the matter said Wednesday.
Institutions have uphill climb to build trust with generation scarred by financial crisis.
A slide in mortgage-banking income hurt earnings, but net-interest income, commercial loans, deposits and assets were all on the rise.
Muncie-based First Merchants Corp. has agreed to acquire Noblesville-based Community Bancshares Inc. for about $46 million in stock, the companies announced Tuesday.
Federal Reserve Chair Janet Yellen said Tuesday that the economic recovery is not yet complete and for that reason the Fed intends to keep providing significant support to boost growth and improve labor market conditions.
