Business Institutions

INDIANAPOLIS (AP) — A sunny budget picture unveiled to state lawmakers Tuesday virtually guaranteed Gov. Mike Pence will get at least piece of the $500 million cut to the personal income tax he has been seeking. House and Senate budget leaders...

FORT WAYNE, Ind. (AP) — A surge in bank and credit union robberies has police in Indiana's second-largest city worried that serial robbers may be behind the heists, some of which have involved employees being bound or injured. Fort Wayne has...

WASHINGTON (AP) — House Republicans said Wednesday that a new government agency designed to protect consumers from problems with mortgages, credit cards and other lenders has too much power. They also criticized it for participating in a federal-...

Back when Jamie Dimon still lived in Chicago, before he had ascended to the top of New York-based JPMorgan Chase, his Gold Coast home earned a reputation each Halloween as a must-visit destination, drawing trick-or-treaters from well beyond the...

All Germaine Smith-Baugh wanted was to find another way to do her job. As she put it: "I literally woke up one morning thinking, 'How can we better serve small businesses?'" Small and minority-owned businesses, big-city communities and economic...

By Nadia Damouni and Paritosh Bansal May 23 (Reuters) - American International Group Inc's board is looking for a new director with regulatory experience, as the insurer readies for the government to classify it as big enough to merit greater scrutiny,...

Bucking longstanding patterns in the United States, more poor people now live in the nation's suburbs than in urban areas, according to a new analysis. As poverty mounted throughout the nation over the past decade, the number of poor people living in...

Four area nonprofits will receive support through Irvine-based financial institution First Foundation's Supporting Our Communities initiative, the company announced in a news release. The donations to the Orangewood Children's Foundation, Court...

By Sarah N. Lynch WASHINGTON, May 22 (Reuters) - A Justice Department official insisted on Wednesday that no financial company is too big to jail, in the department's latest effort to backpedal from statements made in March by Attorney General Eric...

(Reuters) - American International Group Inc's board is looking for a new director with regulatory experience, as the insurer readies for the government to classify it as big enough to merit greater scrutiny, according to two sources familiar with the...

HONG KONG (Reuters) - Goldman Sachs Group Inc raised $1.1 billion by selling its remaining shares in Industrial and Commercial Bank of China, ending a seven-year old investment and handing the Wall Street firm a return of nearly four times its original...

More people live in poverty in Baltimore's suburbs than in the city itself, part of a nationwide shift that is challenging the largely urban assistance network built up over decades. Suburban poverty in the Baltimore area grew 58 percent between 2000 and...