Anthem’s retirement plan is accused in a lawsuit of forcing about 60,000 workers and retirees to pay excessive fees by having to invest in Vanguard Group funds billed as low-cost options.
Major U.S. stock indexes sank more than 2.5 percent in morning trading Monday following a financial rout that stretched across Asia into Europe.
The Standard & Poor’s 500 index and the Dow Jones industrial average both declined Thursday, the last trading day of 2015, putting both in the red for the year.
Dr. Dale Guyer—who was thrust into the spotlight this week after a news report suggested his Indianapolis clinic provided HGH to Peyton Manning—borrowed heavily from convicted Ponzi schemer Tim Durham, starting in 2003.
The latest court action involving Special Needs Integrity Inc. is a class-action lawsuit filed against the little-known Indianapolis not-for-profit in November that claims it eroded clients’ account balances with undisclosed management fees and unjustified legal fees paid to the Indianapolis law firm Lewis & Kappes PC.
Financial industry regulators have barred a Fishers investment broker for life for refusing to cooperate with an investigation, and suspended a local compliance officer for 14 months.
Former Merrill Lynch broker Thomas J. Buck used to generate millions of dollars in annual revenue for the brokerage giant. But lately, he’s been costing it millions. Merrill Lynch has paid more than $4.1 million in settlements related to Buck’s alleged misconduct since firing him in March.
The parent of City Securities Corp. finds itself at a crossroads with the May death of its 95-year-old vice chairman, Danny Danielson, and with his brother-in-law, Chairman John Peterson, approaching 83 years old.
The U.S. Federal Reserve is raising interest rates after seven years of record lows. But it's signaling that further rate hikes will likely be made slowly as the economy strengthens further and muted inflation rises.
Main Street and Wall Street are fighting the U.S. Federal Reserve over municipal bonds—and they’re gaining ground.
University endowments with some of the highest one-year gains in fiscal 2015 were boosted by investments in private equity, venture capital and real estate, including the fund at Notre Dame.
Emmis Communications Corp. said it received a letter from Nasdaq on Monday notifying the company that its stock had closed below the exchange’s minimum $1-per-share requirement for 30 straight business days.
Until impending patent expirations spurred the company to forgo a dividend increase in 2010, the company had announced dividend increases for 42 consecutive years.
Former Indianapolis Colts player Dwight Freeney can proceed with his lawsuit alleging that Bank of America Corp. was complicit in a fraud scheme that caused him to lose more than $20 million, a judge ruled.
Federal Reserve Bank of St. Louis President James Bullard said the Fed is “going to return to an era where there is a bit more uncertainty about what the committee is going to do, meeting to meeting.”
James P. Hamlett announced plans to step down from the $3 billion pension fund, which provides retirement benefits to clergy and lay church employees nationwide.
The receiver appointed to recover investor losses from an alleged Ponzi scheme said he’s retrieved in five months about 20 percent of what investors were owed, a figure experts say is relatively high at this stage for such cases.
The Indianapolis company said in a press release that "it is premature to conclude that a strategic transaction is in the best interests of Angie's List shareholders."
The $18 million payout to some 5,000 investors in Fair Finance Co. represents a recovery of about 9 cents on the dollar.
Federal Reserve Chairwoman Janet Yellen and New York Fed President William Dudley said the central bank could boost interest rates as soon as next month, while Fed Vice Chairman Stanley Fischer voiced confidence that inflation isn’t too far below the goal.
