The chairman of the Federal Reserve is scheduled to speak at the Economic Club of Indiana’s Oct. 1 meeting, an event that should put Indianapolis in the national spotlight given the Fed’s recent and controversial decision to try to stimulate the economy.
The Federal Reserve this week took steps to boost economic growth. But those stimulus measures are also pushing oil prices up. If gas prices follow, consumers will have less money to spend elsewhere.
BMO Harris executive vice president will lead Indianapolis Symphonic Choir season debut.
A nearly 100,000-square-foot office building on East 46th Street in Indianapolis is in foreclosure after lenders found the owner in default on a $4.5 million loan. A hearing to appoint a receiver to manage the property has been set for Sept. 5.
Evansville-based Old National Bank will close nine Indianapolis-area branches near the end of the year and consolidate them into nearby branches in a move to streamline its operations.
The number of homes that received an initial notice of default — the first step in the foreclosure process — increased 6 percent in July compared to the same month last year. Foreclosure starts rose 83 percent in Indiana.
Over the last three years, Key has invested millions to add 13 central Indiana branches, bringing the total to 46.
Some of the most telling signs that banks finally may be recovering from the economic downturn are their decisions to begin increasing dividends.
Several strong headwinds make future viability of many smaller institutions a questionable proposition.
Loan growth in the consumer and real estate sectors helped Evansville-based Old National Bancorp report higher profit and revenue in the second quarter, the company said Monday morning.
Banks now have until October to avoid having preferred shares auctioned by federal government.
Six of the 17 Indiana banks that relied on the federal government to shore up their balance sheets in the recession have yet to repay, and the U.S. Treasury isn’t going to wait forever.
First Internet Bancorp, parent of Indianapolis-based First Internet Bank, said Thursday that profit rose 55 percent in the second quarter compared with the year-ago period.
PNC Financial Services Group Inc. said Wednesday its second-quarter net income shrank 41 percent, as the bank set aside hundreds of millions of dollars to buy back home mortgages.
JPMorgan Chase said Friday that a bad trade had cost the bank $5.8 billion this year, almost triple its original estimate, and raised the prospect that traders had improperly tried to conceal the blunder.
Event organizers say Wall Street isn’t the only place to drum up interest in stocks.
Old National Bancorp has appointed former Indiana Chief Justice Randall Shepard to its board of directors.
The deal, effective July 17, will give the Michigan City bank its first presence in Central Indiana.
Bank of Montreal’s 2011 acquisition of Marshall & Ilsley Corp. is finally helping it make in-roads in the U.S. Midwest. It has identified five U.S. markets, including Indianapolis, where it aims to add new branches or make acquisitions.
A series of government-recorded phone calls have provided some of the most riveting courtroom moments during the fraud trial of Tim Durham and two co-defendants.
