Pete the Planner: How to teach teens the value of investing
I’ve come to learn that three areas need to be addressed when teaching teens how to handle money. They all feel intertwined, but they aren’t.
Banking & Finance
Articles
Fishers firm pushes its way into credit-card processing
Enterprise Payment Systems is the brainchild of five central Indiana entrepreneurs from various industries, who came together to address something nearly as ubiquitous as the use of credit itself: merchants’ frustration about the rates they pay to let their customers swipe their cards.
Fed survey: U.S. economy strong but hindered by bottlenecks
The Federal Reserve said Wednesday that seven of its 12 regional bank districts reported strong price increases with some businesses expressing concerns that the supply chain disruptions would push prices even higher.
Fed chairman says inflation, though elevated, will likely moderate
Federal Reserve Chairman Powell reiterated his long-held view that high inflation readings over the past several months have been driven largely by temporary factors.
Mickey Kim: Stay cool even while inflation fears run hot
The nearly total shutdown of an economy and subsequent reopening is a truly unique event without precedent or a playbook.
Consumer borrowing sees record one-month surge
Federal Reserve officials said the $35.3 billion seasonally adjusted increase in May was the largest one-month gain on records that go back to 1943.
Fed officials discuss timing of reducing bond purchases
The discussions, revealed in the minutes of the Fed’s June meeting released Wednesday, indicate that the Fed is moving closer to tapering those purchases, even though most analysts don’t expect a reduction until late this year.
Pete the Planner: Your adviser wants a lot of your time? Ask why.
Of course, you want your adviser to know his stuff, but how he communicates those concepts can be the difference between a good relationship and a bad one.
Indiana Members CEO to retire after 37 years with credit union
President and CEO Ron Collier has managed 33 mergers and acquisitions at Indiana Members Credit Union since 1985.
IRS faces 35M unprocessed tax returns as backlog swells, watchdog says
The support line for individual income tax returns received about 85 million calls, with only about 3% reaching a customer service representative, according to the taxpayer advocate report.
Wall Street closes out its 5th straight quarterly gain
Optimism over the economy’s prospects as coronavirus restrictions continue to lift has sent the market to a series of record highs, including the third straight for the S&P 500.
Livestreaming software firm Mandolin lands $12M in growth capital
The Series A funding round was led by New York City-based 645 Ventures and Boulder, Colorado-based Foundry Group, with returning investments from locally-based High Alpha and Time Ventures.
Automotive tech marketing firm lands $4.5M in growth capital
Entrepreneur and private investor Rick Gibbs, who co-founded Dealer.com in 1998 and sold it Dealertrack for a billion dollars in 2014, has joined Driven Data as chairman as part of the investment.
First Internet Bank promotes COO Lorch to president
David Becker, who founded the Fishers-based bank in 1999, will relinquish his role as president but remain at the bank as CEO and chairman.
All big banks pass latest Federal Reserve ‘stress tests’
All 23 of the nation’s biggest banks are healthy enough to withstand a sudden economic catastrophe, the Federal Reserve said Thursday.
Congress repeals Trump-era regulations on payday lenders
Congress on Thursday overturned a set of regulations enacted in the final days of the Trump administration that effectively allowed payday lenders to avoid state laws capping interest rates.
White House replaces regulator for mortgage giants after Supreme Court ruling
The White House replaced the regulator who oversees mortgage giants Fannie Mae and Freddie Mac after the Supreme Court ruled that the leadership structure of the Federal Housing Finance Agency was unconstitutional.
Wall Street snaps back following worst week since February
Investors are still figuring all the ramifications of the Fed’s latest meeting on interest-rate policy, where it indicated it may start raising short-term rates by late 2023.
2021 Indiana 100: Attorney-turned-HR officer works to diversify bank
During a 2015 lunch with the bank’s president and CEO, Cindy Konich, and its then-human resources director, Lottie told them how much she enjoyed working on human resources and employment-law issues. She thought it was a casual conversation, but her colleagues had something else in mind.
Bank sues former Carmel staffers who left for rival
Busey Bank says it has lost more than $100 million in loans to a competitor because of “brazen and systematic poaching” of its employees.