NewsTalk

Welcome to the archives for NewsTalk, an IBJ blog published from November 2007 through December 2010.

Who will win the banking wars?

February 4, 2008
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Itâ??s no secret that banks are in upheaval thanks to the subprime mortgage crisis and the domino affect mess itâ??s creating.

In an IBJ story over the weekend, reporter Cory Schouten discusses the local grab for market share, as the strongest banks move to take territory from weakened competitors.

Aggressors include JP Morgan Chase & Co. and Marshall & Ilsley Corp., which bought First Indiana Corp.

Fighting to regain its footing is Irwin Financial, the parent of Irwin Union Bank. Shares in Irwin, whose roots in Columbus date nearly to the Civil War, are down 60 percent in the past year.

Which banks will end up the better after the dust settles? Which wonâ??t? And can Irwin stay independent?
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