Founders, employees of Westfield financial firm accused of $10M fraud
Prosecutors allege that the defendants engaged in a 13-year-long scheme to defraud the Small Business Administration.
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Trump blames Fed for holding back economic growth in 2018
In a broadcast interview, Trump said without the Fed’s rate hikes last year and moves to trim its bond holdings, the economy would have grown by more than 4 percent.
Baker Hill’s new software fuels firm’s rapid growth
A year after the release of the fifth and final phase of its NextGen platform, Carmel-based financial software firm Baker Hill is experiencing significant growth, which CEO John M. Deignan says should continue for several years.
Indianapolis officials go to market to sell $600M in bonds
Representatives from the city were in New York City on Thursday to entice investors to buy bonds to fund the new criminal justice center—a milestone in the giant public project.
Federal Reserve cool on interest rate hikes in 2019
The monetary policy body on Wednesday left its key interest rate unchanged and projected no rate hikes in 2019, reflecting a dimmer view of the economy as growth weakens in the United States and abroad.
Fed set to signal no expectation of rate hikes anytime soon
The message the Federal Reserve is poised to send when its latest policy meeting ends this week is a soothing one. It reflects an abrupt shift in tone since the start of the year.
Connie Bond Stuart: Advocating for early education matters, both today and tomorrow
We tell our customers that the choices they make right now matter tomorrow. But these words would ring hollow if we didn’t live by them ourselves. I urge you to join us and advocate for those who do not have the opportunity or means to speak for themselves.
Payday lending industry gains upper hand in Statehouse fight
A Senate bill addressing subprime lending, which had a 69-page strip-and-insert amendment released the night before passing out of committee, is headed to the House.
Westfield council approves $35M financing plan for Grand Junction Plaza
The 4-3 decision followed a public hearing during which more than a dozen residents spoke for and against the financing plan.
IBJ Podcast: Pete the Planner on the vulnerable, upper middle class
Peter Dunn—who is bringing his Pete the Planner column to IBJ, starting March 15—talks with podcast host Mason King about his own business and brand, the cost of travel sports and how not to pay for college.
Pete the Planner coming to IBJ
IBJ has added comedian-turned-money-man Peter Dunn’s Pete the Planner column to its roster, starting March 15, when it will appear in the paper’s print edition and at IBJ.com.
Tech upstart Kerauno raking in the venture capital dough
The communications-workflow software is super-charging its growth with what many believe is a record haul of venture capital, in the form of a $25 million Series A round of funding.
Allos Ventures’ focus, patience pay off reliably for investors
Allos Ventures makes investing in early-stage companies look easy. National data shows it is not.
Crypto companies complain they’re being shunned by banks
While top-tier banks are getting more crypto-curious—JPMorgan rolled out a prototype digital coin last month—most see the growing number of companies in the industry as they have since day one: ticking regulatory time bombs.
Centier to open Greenwood loan office
Centier is a family-owned bank with 61 Indiana offices, including two in Zionsville and one each in Indianapolis, Carmel, Fishers and Westfield.
Old National CEO stepping aside
Old National has undergone a transformation since Jones joined the bank, shifting from low-growth markets to entering markets that offered a better opportunity for growth.
BMO Harris Bank names new regional president
Chris Michalski will oversee the bank’s operations in four Midwestern states from his home base in Indianapolis.
Kroger plans to widen Visa ban as premium-card fees hurt margins
Kroger Co., the biggest U.S. supermarket chain, plans to widen a ban on Visa Inc. credit cards. And the grocer hasn’t ruled out expanding the ban to include all of its stores.
KeyBank to close 16 branches in central Indiana
The Ohio-based bank says no employees will lose their jobs, and that the closures are part of a strategic shift to make bankers more nimble and meet the expectations of people accustomed to online transactions.
Powderkeg lands first round of growth funding
The funding round, the first for Indianapolis-based Powderkeg, was led by Elevate Ventures with participation from Stout Street Capital and tech entrepreneur and investor Scott McCorkle.