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Banking & Finance
Community banks face fight of their lives against big players
March 13, 2010
Peter SchnitzlerSmall, community banks will bet on their strength in customer service, and large banks will offer business customers lower
costs.
MoreREED: Imprudence, bad economy will claim several Indiana banks
March 13, 2010
John ReedBanks are in trouble. Most are suffering at least a little, and many will not survive. That includes Indiana banks.
MoreMany banks cutting dividends to merely a penny
March 13, 2010
Greg AndrewsBanks used to take pride in having long records of increasing dividends. Now, about all most can say is they still pay one.
MoreBanking reforms may bite weakest institutions
March 13, 2010
Peter SchnitzlerIndiana banks soon might have to pay the state as much as $300 million in new fees for deposit insurance at a time the industry
is experiencing its deepest woes in decades.
MoreIndianapolis Housing Agency pulls off big tax credit deal
March 13, 2010
Tom HartonCity agency plans renovations, expansions at eight apartment properties.
MoreHICKS: Recession slows with costly job creation
March 13, 2010
Mike HicksWhile economists share broad agreement on a surprisingly large number of issues, the most visible discord lies in how two
groups view the causes of recession.
MoreHoosier entrepreneurs make magazine's billionaires list
March 11, 2010
IBJ StaffBill Cook, Dean White, Jim Irsay and Herb Simon have made Forbes magazine’s annual list of the richest people
in the world.
MoreHuge tax-credit deal will fund rehab of 538 apartment units
March 9, 2010
Tom HartonThe largest tax credit deal in state history will fund the rehabilitation of 538 apartments in four complexes owned
by the Indianapolis Housing Agency.
MoreSimon Property CEO uses hard-nosed style to excel at acquisitions
March 6, 2010
Cory SchoutenDavid Simon, the shrewd and blunt deal-maker—an acquisitive former Wall Street wunderkind who transformed Simon Property
Group Inc. into the nation's largest mall owner—is trying to land his biggest deal yet.
MoreBarron's magazine names state's best financial advisers
March 6, 2010
IBJ StaffThe majority
of the top advisers work for Merrill Lynch, and all but two live in Indianapolis.
MoreFair Finance trustee to make life tough for people on loan list
March 6, 2010
Greg AndrewsBorrowers from Tim Durham's bankrupt finance company will face heavy-handed collection tactics.
MoreSKARBECK: Financial reform should start with derivatives
March 6, 2010
Ken SkarbeckAt the very least, regulators need to get control of derivative trading—transactions need to be more transparent and
carried
out on an exchange.
MoreFirst Internet Bank suffers first loss since 2000
March 1, 2010
Peter SchnitzlerProblem loans led to a $2.1 million loss for the Web-based financial company in 2009.
MoreChinese investors financing startup, early stage companies
February 27, 2010
Norm HeikensIndiana entrepreneurs weary of hitting dry holes with angel investors and venture capitalists are turning to Chinese investors
who are eager to diversify their portfolios, latch onto American innovations—and take advantage of a federal visa program.
MoreBankruptcy trustee for Fair Finance wades into morass of insider loans
February 27, 2010
Greg AndrewsBrian Bash will need to untangle a web of related-party transactions that have befuddled nearly everyone who has tried to
make sense of them.
MoreHICKS: Cash-strapped cities paying for prior choices
February 27, 2010
Mike HicksWe are making budget cuts today that could well have been slowly phased-in for a generation. What are the implications?
MoreJudge halts dissolution of struggling Durham firm
February 26, 2010
Greg AndrewsA judge has blocked Tim Durham and other directors of Dallas-based CLST Holdings Inc. from dissolving the struggling company
at the close of business Friday. Its largest shareholder hopes to place dissident candidates on the board.
MoreWhite River Capital sees jump in quarterly profit
February 22, 2010
White River Capital's profit rose in the fourth quarter, due largely to a strong performance by its main subsidiary, Coastal
Credit LLC.
MoreSKARBECK: Economic Greek tragedy could play out globally
February 20, 2010
Ken SkarbeckFears that Greece may default on its government debt have kept global markets on edge.
MoreJudge places Fair Finance into bankruptcy
February 19, 2010
Greg AndrewsA federal trustee will take control of the company's assets while securities-fraud probes continue.
MoreBanks suing Broadbent, pushing one strip center into bankruptcy
February 13, 2010
Peter SchnitzlerLocally based Broadbent Co.’s legal battles with lenders have escalated, pushing one of its 34 strip malls into bankruptcy
and prompting Huntington National Bank and PNC Bank to sue to collect principal owed on loans tied to four more.
MoreStartup VoCare Inc. might move to find venture capital dollars
February 13, 2010
IBJ StaffA Lebanon-based startup wants to build a call center here and add up to 300 jobs, but state and local officials are struggling
with a big obstacle to keeping the company here.
MoreLocal investment firm sold
February 12, 2010
Indianapolis-based Redwood Investment Advisers Ltd. has been purchased by a firm in Portland, Ore. Redwood, whose clients
include physicians and physician groups, has $350 million in assets under management.
MoreJudge weighing request to unseal Fair Finance records
February 11, 2010
IBJ StaffA federal judge is weighing whether to unseal search-warrant documents related to the federal investigation of businessman
Tim Durham and Akron, Ohio-based Fair Finance Co. following a hearing Thursday in Youngstown, Ohio.
MoreFair Finance going along with appointment of receiver
February 11, 2010
Greg AndrewsAttorneys for the company and its parent firm denied any fraud occurred but said receivership nonetheless made sense.
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The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.
I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!
Coming from her background,she should be used to those kinds of advances! Menard probably figured it was ok to tuck a buck!
I'm still waiting for the list of available, high quality apartments in the Village.
This criminal masquerading as a lawyer obviously has serious issues. He’s been proven by his own testimony to be a pathological liar and probably has a personality disorder as he seems to be constructing a reality around himself. He places no value on truth, honesty or loyalty as evidenced by what he has done to his clients and his own family. And by the demands and lies he has made in court, it is evident he feels entitled to do and say whatever suits his purpose and everyone else is expected to nod obediently and believe him because he is, after all, Bill Super Lawyer; or BS lawyer for short. This millionaire wanna-be no longer owns anything of value; he squandered it and put everything he had into foreclosure. He has no money, house, car, boat or vacation home left to show for what he earned or what he stole. He’s just another loser without morals who will be doing time. I’m certain all of his courtroom shenanigans are antagonizing his poor victims. As Lamar said, his behavior and claims in court have been outrageous. The judge needs to be more than concerned; he needs to be judicial and end this nonsense.