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Industrial Bank
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On August 20, 1934, Founder Jesse H. Mitchell opened the doors of Industrial Bank for the first time. Industrial Bank offers a full range of banking services from ten banking centers. These services include a host of checking, savings, and investment accounts for retail and commercial customers, cash management, corporate online banking, electronic banking services, debit cards and a variety of consumer, real estate, and commercial loans and lines of credit.

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Commercial Banks
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Industrial Bank - Recent News & Articles

European Central Bank lowers key rate to 3.25% in third cut this year: Live updates

The European Central Bank on Thursday cut its key interest rate to 3.25%, in its third quarter-percentage-point reduction of the year. The move had be...

Source: CNBC
PE-Backed Firms Suffering Higher Default Rates, Moody’s Says

Companies owned by private equity firms are landing in default more frequently than other speculative-grade borrowers, according to a report from Mood...

China kicks off 500 bln yuan swap facility to aid stock market

China's central bank said on Thursday it would start accepting applications from financial institutions to join a newly created funding scheme, initia...

Source: Reuters
Banks to join SWIFT digital asset trials in 2025

SWIFT said it is uniquely positioned to interlink the fragmented digital asset landscape with its forthcoming digital currency trials in 2025. Banks i...

A Tale of Two Consumers

The Impact of Two Consumer Classes and the Fed Funds Rate Outlook

China’s Bold Stimulus Measures Won’t Save Its Flagging Economy

After months of business leaders and economists urging action, the People’s Bank of China (PBoC)—the central bank of the world’s second biggest econom...

Source: Time
US Department of Justice files civil antitrust lawsuit against Visa

The US Department of Justice (DOJ) has filed a civil antitrust lawsuit against Visa over allegations of “monopolisation and other unlawful conduct in ...

The Fed has the proof it wants that inflation is slowing, but the next move is still up in the air

A week’s worth of inflation data showed that price pressures have eased substantially since their meteoric rise in 2021-22. Fed officials head into th...

Source: CNBC
Ally Financial warns of 'intensifying' credit challenges, shares slump

Ally Financial's credit challenges have intensified over the current quarter as borrowers struggled with high inflation, the consumer lender's finance...

Source: Reuters
As Growth Sputters, Beijing Tries Again to Jolt China’s Economy

China’s central bank took new steps to shore up the country’s sputtering economy, highlighting officials’ growing anxiety about growth only days after...

Source: MSN