Federal Reserve could signal no interest rate cuts this year in wake of Iran war
The Fed will release a set of quarterly projections on Wednesday, and they could alter their forecast of one rate cut this year to zero.
Banking & Finance
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Q&A: State Bank CEO Matt Price says local knowledge is key to success in both banking and law
As CEO of Brownsburg-based State Bank, Price has a somewhat unusual career history: Rather than climbing the ranks within banking, he spent 30-plus years as an attorney before joining the bank last year.
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Q&A: Investment banker Phil Daniels on the mechanics and emotions of selling a company
Eighteen months ago, Daniels took moved from entrepreneur to adviser when he became president of the Indiana office of Cincinnati-based investment bank ArkMalibu.
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IBJ Podcast: Pete the Planner answers, ‘Stocks are at all-time highs, so why am I terrified?’
Peter Dunn and host Mason King explore the gap between positive economic news on the macro level and the pessimism many consumers are feeling about their personal finances.
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IBJ Podcast: ‘I joke that I went from selling paper money to toilet paper,’ former banker says
In this encore edition of the IBJ Podcast: Something was missing from her career as a commercial lender, and Cindy Schum found it in a small firm that sold janitorial and cleaning supplies.
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Articles
Retirement plans are treading cautiously into cryptocurrency; many employers aren’t taking the leap at all
Worries about the volatility of digital currencies and a plan-sponsor’s duty to protect its participants are among the concerns experts see, even as state and federal officials work to improve access.
Economy’s 4Q performance downgraded sharply from initial estimate
The U.S. economy, hobbled by last fall’s 43-day government shutdown, advanced at an unexpectedly sluggish rate from October through December, the Commerce Department reported Friday.
Elevate Ventures says it’s proceeding with launch of long-planned growth fund
The Indianapolis-based nonprofit wants to invest $150 million in young Indiana companies who need help to scale their businesses.
White House formally nominates Warsh to be Federal Reserve chair
Warsh’s nomination, which was initially announced Jan. 30, was forwarded Wednesday to the Senate, where it will be taken up by the Senate Banking Committee.
Trump expects his Fed pick and AI to deliver replay of the ’90s boom, but economists have doubts
The story the Trump team is telling — that a visionary Federal Reserve chair, Alan Greenspan, fueled the 1990s boom by keeping interest rates low — is incomplete at best.
New law aims to ease CPA talent crunch
Starting next year, certified public accountant candidates will have an optional pathway to licensure that requires less schooling.
For first time since 2022, average long-term mortgage rate dips below 6%
The latest dip, its third decline in a row, brings it closer to its lowest level since Sept. 8, 2022, when it was 5.89%.
Indy investment firm sues ex-employees, alleges they solicited clients, stole trade secrets
The company accuses the employees of converting confidential business records, such as client information, for personal use and transmitting client information to their new employer.
Trump administration considers requiring banks to collect citizenship information
Bank executives fear the potential new documentation requirements would create new impediments to obtaining financial services in the United States.
Fed’s Waller says rate cut in March is ‘coin flip’ following strong US jobs report
Federal Reserve governor Christopher Waller also said that the Supreme Court’s decision to strike down many of Trump’s tariffs would likely have only a limited impact on the economy and inflation, and therefore wouldn’t affect his view on rates.
Q&A with Periculum Capital: Why is dealmaking activity so high?
Over the past two months Carmel-based Periculum Capital has been involved in six business deals — about as many as it typically sees in an entire year.
State tackles penny-rounding policies amid national shortage
Indiana lawmakers are crafting statewide penny-rounding policies as Hoosier retailers struggle through a shortage of the discontinued coin — but admit it needs more work.
Senate committee discusses cryptocurrency options for state pension funds
An Indiana House bill would let state pension funds offer users the chance to invest in cryptocurrency exchange funds. Legislators also heard testimony on virtual currency kiosks and what can be done to prevent scams
Trump’s choice of Warsh to lead Fed could reshape the world’s most influential central bank
Whether Kevin Warsh can maintain the Fed’s long-time independence from day-to-day politics while also placating Trump will be a tremendous challenge.
Federal Reserve keeps interest rates unchanged even as Trump continues to press for lower rates
The central bank said there are signs the job market has stabilized while it also said growth was “solid,” an upgrade from last month’s characterization as “modest.”
Trump sues JPMorgan for $5 billion, alleges bank closed his accounts for political reasons
The lawsuit, filed in Miami-Dade County court in Florida, alleges that JPMorgan abruptly closed multiple accounts in February 2021 with just 60 days notice and no explanation.
Guilty plea made in Ponzi scheme that bilked investors of $380M
Drive Planning operated an office in Fishers that was overseen by former managing partner Gerardo Linarducci, who is facing civil fraud charges from the U.S. Securities and Exchange Commission and multiple lawsuits from investors.
Heartland Ventures launches $60M investment fund
Heartland’s investors are established Midwestern companies—businesses such as manufacturers, construction firms, logistics providers and real estate firms—and it makes investments into early-stage industrial technology startups with products that could benefit those investors.
KSM accounting firm establishes investment banking business with acquisition
Katz Sapper & Miller, the largest accounting firm in Indianapolis, has acquired the investment banking business of Grand Rapids, Michigan-based Charter Capital Partners, it announced Tuesday.