Fed trims rate by quarter point, signals potential for more cuts
The rate reduction was the first since December 2008, when the Fed dropped its benchmark effectively to zero as it battled recession and financial crisis.
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Federal Reserve poised to cut rates for first time in decade
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.
White House hopeful Warren pitches new private equity constraints
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.
Facebook’s currency plan gets hostile reception in Congress
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.
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.
Small banks botched public relations, outsider charges
Bank reform wouldn’t have been so heavy-handed had small- and medium-sized banks gotten their act together, Mark Hills
says.
Will Indy homeowners abandon their mortgages?
In other markets, homeowners who can afford their payments are making the ethical and financial calculus to hand the keys
back.
Nipping estate feuds in the bud
A lawyer says too many parents withhold information about estate from heirs and unwittingly set up the heirs for a battle.
Regulators ripped in Irwin Financial postmortem
The Chicago Fed missed several chances to rein in explosive growth before the prominent bank failed. But the deeper question
is, what was Will Miller thinking?
Ranking the risk of Indy’s biggest bank
JPMorgan Chase is in the middle of the worst, a New York University prof says.
City Securities chief likes Tea Party
You know times have changed when the head of Indianapolis’ main investment bank can identify with the Tea Party movement.
Gonzo BMW riders
The biker who nearly ran you into the ditch just might be your friendly investment banker.
Perils of non-family managers
A former Toyota exec blasts non-family managers for the company’s problems. Are some Indianapolis-area companies better-
or worse-off after families relinquished control?
Contorting bank regulators
A long-time bank observer says regulators are twisting into pretzels to avoid taking over Indiana institutions.
Bank slogan gets acid test
The banking crisis isn’t the only reason to rethink the ubiquitous “We care” theme.
Another year of bank migration?
More than a year a year after the financial crisis began, businesses are still looking for new bank relationships.
Will Miller’s burden at Irwin Financial
Will Miller, the fifth generation to run Irwin Financial Corp., is in danger of being the scion at the helm as the family
business hits the wall.
Lessons from a small bank
Sometimes one extreme sheds light on another extreme, and in a day when the nationâ??s financial system is
under the microscope for making all manner of rotten loans, the experience of tiny Kentland Federal Savings
& Loan Association might be…
Obama and executive salary caps
All things considered, there shouldnâ??t be a fuss about President Obamaâ??s plan to cap salaries of executives
in companies that receive federal bailouts.
Thatâ??s the take of Dan Dalton, an Indiana University specialist on corporate governance.
Dalton points out that…
Nearly free money on the way?
The Federal Reserve this week is expected to drop the rate at which banks loan money to each other below
1 percent. That means interest rates on loans for just about everything, from cars to housing, eventually
would fall further.
The…