Carmel filed a lawsuit in August to take control of PNC’s North Range Line Road property, but the bank agreed in an out-of-court deal to sell the land for $2.5 million.
Investors have turned pessimistic about everything from the inevitability of a U.S. recession to growing international trade disruptions and higher loan defaults.
The Fed's updated forecast projects just two rate hikes next year, down from three that monetary policy body had predicted in September.
On Wednesday, the Fed is set to announce its fourth rate hike of the year. But after this week, no one is sure what it will do. Neither, most likely, is the Fed itself.
NattyMac, which was established in 2004, has a historical connection with Indianapolis and was sold to its current owner in 2017 for $211 million.
The report, known as the beige book, found that optimism about the future had waned somewhat, with business contacts citing “increased uncertainty.”
Federal Reserve Chairman Jerome Powell cast a bright picture of the U.S. economy Wednesday and appeared to suggest that the Fed might consider a pause in its interest rate hikes next year, igniting a rally on Wall Street.
Loftus Robinson plans to transform the 16-story tower into a 130-room Kimpton-brand hotel. But it says it has hit a snag with moving Centier Bank from the ground floor.
The Federal Reserve portrayed the economy as robust, with healthy job growth, low unemployment, solid consumer spending and inflation near its 2 percent target.
With the economy strong, wages rising and unemployment at a near-five-decade low, the Federal Reserve remains on track to keep raising interest rates — just not this week.
BMO Harris has added a former JPMorgan Chase exec to lead its commercial banking efforts in central Indiana and around the state.
Salin Bank and Trust Co.—the third-largest privately held bank in Indiana—will take on the name of its acquirer after the deal closes in early 2019.
The Fishers-based bank reported that the quality of its loans improved even as its loan portfolio grew larger. Much of the growth came from commercial loans.
The survey by the Federal Deposit Insurance Corp. found the economic fortunes of the country’s most vulnerable people continue to get better. The biggest improvement happened among black and Hispanic households.
Rafael Sanchez, who left his job as president and CEO of Indianapolis Power & Light Co. this year as part of a corporate restructuring, has been hired by another of Indiana’s corporate heavyweights.
Minutes of the Federal Reserve’s latest policy meeting show that a few participants thought the Fed’s key rate would need to “become modestly restrictive for a time” to prevent inflation from climbing too high.
Today—as it was in 1993 when the bank launched—its leaders focus on reaching customers in four categories: small to medium-sized businesses, professionals, not-for-profit organizations and money management. “We haven’t changed that strategy in 25 years,” said Mickey Maurer, the bank’s board chairman.
President Donald Trump repeatedly criticized the Federal Reserve over the past 24 hours as markets plunged, saying the central bank was “going loco” with too many interest hikes.
President Donald Trump slammed the Federal Reserve as “crazy” for its interest-rate increases this year in comments hours after the worst U.S. stock market sell-off since February.
The Federal Reserve on Wednesday lifted its short-term rate for the eighth time since late 2015, and the Fed indicated that it expects to continue gradual increases.