Former credit union manager indicted on fraud charges
The former manager of a credit union branch in Indianapolis has been charged after investigators say she stole more than $350,000 from customer accounts.
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Lessons from college basketball influence Muncie bank executive’s leadership today
During his career there, the Muncie-based bank has grown considerably, from a couple of hundred employees and $1 billion in assets to more than 2,000 employees and nearly $19 billion in assets.
Financial Center announces CEO Cameron Minges will retire
Minges, who has been with the company for more than a decade, was named CEO in 2022. During the transition, a former Financial Center executive has been appointed to serve as interim.
Federal Reserve leaves interest rates unchanged even as Trump demands cuts
The choice to hold off on a rate cut will almost certainly result in further conflict between the Fed and White House, as Trump has repeatedly demanded that the central bank reduce borrowing costs.
Millionaires multiply, but most find it’s not all mansions and champagne
Inflation, ballooning home values and a decades-long push into stock markets by average investors have lifted millions into millionairehood.
Fed likely to stand pat on rates this week, deepening gulf between Powell and Trump
President Trump argues that the Federal Reserve in general and Chair Jerome Powell in particular are costing U.S. taxpayers hundreds of billions of dollars in interest payments by not reducing borrowing costs.
Accounting firm KSM acquiring Chicago-area firm
MichaelSilver’s team of 60 accounting professionals and 14 partners will join Katz, Sapper & Miller.
$2M Geist home at heart of Drive Planning legal battle
Nearly a year after a federal judge placed Georgia-based financial firm Drive Planning LLC into receivership, the court-appointed receiver is still wrestling to gain control of the $2 million Geist mansion where the now-defunct firm’s managing partner lives.
With so many ways to pay for retail purchases, how’s a consumer to choose?
What used to be a simpler checkout choice (“Cash or credit?”) has become more complex, fueled by tech-enabled options that have gained traction in recent years.
Report: Indiana tech venture capital activity lower in first half of 2025, mirroring national trends
Nationally, $23 billion was raised through May, according to PitchBook, far less than the forecasted $90 billion.
Indianapolis CPA sentenced to federal prison for defrauding IRS of at least $2.5M
Jason L. Crace entered a guilty plea for assisting in the preparation of false tax returns on behalf of clients who participated in an illegal tax shelter.
Hoosier woman sentenced for her role in nearly $1M in financial aid fraud
Federal authorities say Reina Isom submitted more than 50 fraudulent financial aid applications over a decade for more than a dozen different individuals.
Wisconsin-based investment firm opens Indianapolis office
Borgman Capital, a Milwaukee-based investment firm focused on acquiring midsize businesses, has established an office in Indianapolis. The office is led by Matt Kreutz, a longtime financial professional in the Indianapolis market. Kreutz joined the firm July 1 as managing director of deal originations. Currently, Kreutz is the firm’s only Indianapolis employee. But he said […]
More Americans shift money from checking and savings to accounts with investment income, study says
Inflation-adjusted cash balances in checking and savings accounts “remain low with a flat-growth trajectory,” the analysis by JPMorganChase Institute found.
Republican senators caution Trump against firing Fed chair Jerome Powell
Federal Reserve Chair Jerome Powell is gaining some key backing on Capitol Hill from GOP senators who fear the repercussions if President Donald Trump follows through with threats to try and remove the politically independent central banker.
UPDATE: Trump says he’s ‘highly unlikely’ to fire Fed’s Powell after floating idea in private
President Trump made the statement less than 24 hours after suggesting in a private meeting that he was leaning in favor of dismissing the head of the nation’s central bank.
Federal judge reverses rule that would have removed medical debt from credit reports
The CFPB estimated the rule would have removed $49 billion in medical debt from the credit reports of 15 million Americans.
Bitcoin soars to new all-time high as lawmakers focus on pro-crypto legislation
The world’s oldest and most popular cryptocurrency is currently the fifth most valuable asset class in the world, at $2.4 trillion, giving it a higher market cap than Amazon.
Bitcoin tops $118,000 for the first time
A soft U.S. dollar and the digital currency friendliness of President Donald Trump’s administration has helped to push the price of bitcoin to unprecedented levels.
Credit scores getting buy-now-pay-later update. Here’s what that means.
The Federal Reserve Board reported that 14 percent of adults in fall 2023 had used buy-now-pay-later loans at least once in the past 12 months.