The Indianapolis area’s largest credit union is joining a small but growing movement in the financial services industry by agreeing to acquire a community bank.
Developers, investors race to capitalize on ‘opportunity zones’ tax break
The federal “opportunity zones” initiative, designed to spur investment in low-income communities nationwide, is still in its early stages—but it’s already grabbed the attention of local developers and investors. Created as part of the federal tax legislation known as the Tax Cuts and Jobs Act of 2017, the initiative offers substantial tax breaks to those […]Read More
IBJ Podcast: Pete the Planner on the magic of a 15-year mortgage
Peter Dunn talks to guest host Lesley Weidenbener about all things home buying, including mortgages, determining how much house you can afford, why you shouldn’t put down less than 10% and why the idea of starter homes and family homes is silly.Read More
City’s poor often have few affordable options for banking, other financial services
Banking is more expensive for the people who most need it to be affordable, a reality that experts say plays a significant role in preventing many Hoosiers from snapping the cycle of poverty.Read More
Local investment adviser facing lawsuit over soured business deal
In the lawsuit, a Pendleton financial adviser says he purchased client accounts from a fellow adviser who then defamed him and persuaded some of those clients to move their money elsewhere.Read More
President Trump said that the Fed’s high level of interest rates in comparison to other countries was keeping the dollar too strong and making it more difficult for U.S. manufacturers to compete.
Analysts from the personal finance web site WalletHub used data from the U.S. Census Bureau, the Federal Reserve and TransUnion to see how each state is faring when it comes to credit card debt.
The United States and China traded blows in an unrestrained economic conflict Monday that sent stock markets plunging and threatened to inflict significant damage on a weakening global economy.
Major stock indexes dropped dramatically on Wall Street on Monday, their worst loss of the year, after China countered President Donald Trump’s latest tariff threat by letting its currency weaken to the lowest level in more than 10 years.
Celadon CEO Paul Svindland said the financing would provide “a solid platform for the next stage of our business turnaround.”
Under Chairman Jerome Powell, the Fed has faced pressure to ease credit since it raised its key rate in December for the fourth time in 2018 and hinted that additional rate increases were likely this year.
The settlement with the U.S. Consumer Financial Protection Bureau and the Federal Trade Commission, as well as 48 states and the District of Columbia and Puerto Rico, would provide up to $425 million in monetary relief to consumers and a $100 million civil money penalty.
Elizabeth Warren’s plan, the latest in a series of policy ideas that have propelled the Massachusetts senator to the top tier of the 2020 Democratic presidential primary field, would hold private equity firms liable for debts and pension promises made by the companies they acquire.
Members of both parties demanded to know why a company with massive market power and a track record of scandals should be trusted with such a far-reaching project, given the potential for fraud, abuse and criminal activity.
Facebook has said it’s eyeing next year for the launch of Libra, which has drawn the ire of skeptical lawmakers, Federal Reserve Chairman Jerome Powell and President Donald Trump.
A turbulent day on Wall Street ended in the record books Thursday as the Dow Jones industrial average climbed above 27,000 for the first time and the Standard & Poor's 500 index hit another all-time high.
Delivering the central bank’s semiannual report to Congress, Federal Reserve Chairman Jerome Powell said that since Fed officials met last month, “uncertainties around trade tensions and concerns about the strength of the global economy continue to weigh on the U.S. economic outlook.”
Investors extended a rally through a holiday-shortened day and pushed major stock indexes to record highs on Wednesday.
The most recent funding is expected to fuel the growth of Perq’s artificial intelligence-driven marketing cloud for big-ticket retailers, company officials said.
The separation of KAR Auction Services and Insurance Auto Auctions is already creating shareholder value, CEO Jim Hallett said.
To be known as St. Lucas Lofts, the project proposed by Englewood Community Development Corp. would include at least 10 units designated for individuals who are recovering from homelessness.