Trump blames Fed for holding back economic growth in 2018
In a broadcast interview, Trump said without the Fed’s rate hikes last year and moves to trim its bond holdings, the economy would have grown by more than 4 percent.
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Baker Hill’s new software fuels firm’s rapid growth
A year after the release of the fifth and final phase of its NextGen platform, Carmel-based financial software firm Baker Hill is experiencing significant growth, which CEO John M. Deignan says should continue for several years.
Federal Reserve cool on interest rate hikes in 2019
The monetary policy body on Wednesday left its key interest rate unchanged and projected no rate hikes in 2019, reflecting a dimmer view of the economy as growth weakens in the United States and abroad.
Fed set to signal no expectation of rate hikes anytime soon
The message the Federal Reserve is poised to send when its latest policy meeting ends this week is a soothing one. It reflects an abrupt shift in tone since the start of the year.
Connie Bond Stuart: Advocating for early education matters, both today and tomorrow
We tell our customers that the choices they make right now matter tomorrow. But these words would ring hollow if we didn’t live by them ourselves. I urge you to join us and advocate for those who do not have the opportunity or means to speak for themselves.
Old National CEO stepping aside
Old National has undergone a transformation since Jones joined the bank, shifting from low-growth markets to entering markets that offered a better opportunity for growth.
BMO Harris Bank names new regional president
Chris Michalski will oversee the bank’s operations in four Midwestern states from his home base in Indianapolis.
KeyBank to close 16 branches in central Indiana
The Ohio-based bank says no employees will lose their jobs, and that the closures are part of a strategic shift to make bankers more nimble and meet the expectations of people accustomed to online transactions.
Fed Chairman Powell doesn’t see elevated recession risks
Federal Reserve Chairman Jerome Powell said Tuesday that he doesn’t see signs of an economic downturn on the horizon.
Centier Bank names new Indy-area market president
Based in Merrillville, Centier has 61 banking centers throughout the state, including six in the Indianapolis area.
Federal Reserve keeps key rate unchanged, pledges to be ‘patient’
Investors cheered the Fed's message that it foresees no need to raise borrowing rates anytime soon even while the economy remains on firm footing.
Things to watch for from the Federal Reserve on Wednesday
Chairman Jerome Powell will begin a new era of communications by holding a news conference after each of the Fed's eight meetings every year, up from four news conferences a year.
Fed likely to send reassuring note of patience on rate hikes
With pressures on the U.S. economy rising, the Federal Reserve has been signaling that it’s in no hurry to resume raising rates after having done so four times in 2018.
Leading bank executive predicts another round of U.S. bank mergers
Industry executives have long predicted a wave of bank mergers that’s so far played out only in smaller or mid-sized deals.
Powell pledges flexible rate policy, won’t quit if Trump asks him
Federal Reserve Chairman Jerome Powell said the central bank can be patient as it assesses risks to a U.S. economy and will adjust policy quickly if needed.
Wells Fargo pays $575 million to settle state investigations
The settlement includes $5.2 million for Indiana, according to state Attorney General Curtis Hill.
National Bank of Indianapolis CEO retiring after 25 years at helm
President, chief executive and bank co-founder Morrie Maurer plans to retire Jan. 4, to be succeeded by a longtime executive within the organization.
Trump rips Fed as economy’s ‘only’ problem; doesn’t mention Powell
President Donald Trump renewed his attacks on the Federal Reserve, commenting publicly on the central bank for the first time following last week’s interest-rate hike and reports he has discussed firing Chairman Jerome Powell.
Carmel, PNC Bank reach agreement on land sale for mixed-use project
Carmel filed a lawsuit in August to take control of PNC’s North Range Line Road property, but the bank agreed in an out-of-court deal to sell the land for $2.5 million.
Investors thrashing bank stocks, despite solid earnings
Investors have turned pessimistic about everything from the inevitability of a U.S. recession to growing international trade disruptions and higher loan defaults.