Banking & Finance

Mysterious $14M Verizon payable looms over Durham firmRestricted Content

March 20, 2010
Greg Andrews
CLST Holdings founder Al Goldfield says the company hid a $14 million debt to Verizon Communications Inc. in the years after he left.
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SKARBECK: Amazing patience paid off for GraceRestricted Content

March 20, 2010
Ken Skarbeck
Back in 1935, she invested $180 in Abbott Laboratories stock and never sold it. This one decision became the entire investment career of Grace Groner.
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Indiana Legislature approves mortgage certification program

March 20, 2010
 IBJ Staff
Rating system will help homebuyers avoid the risks of borrowing.
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Old National cut CEO's pay 10.6 percent last year

March 19, 2010
Peter Schnitzler
The Evansville-based bank, the largest financial institution headquartered in Indiana, awarded Robert Jones $1.2 million in total compensation last year, or $146,177 less than in 2008.
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Old National name to adorn Murat for three years

March 16, 2010
Kathleen McLaughlin
The century-old Murat Centre will be named the Old National Centre for the next three years. Event promoter Live Nation on Tuesday put the new name in royal blue lettering above the marquee of the entertainment venue downtown.
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Custom builders, banks convene to discuss lending environment

March 16, 2010
Tom Harton
The Builders Association of Greater Indianapolis is trying to jump-start new home construction by convening a forum on how builders can adapt to banks’ stricter lending requirements.
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Old National Bank puts name on Murat Centre

March 15, 2010
Kathleen McLaughlin
The voice-mail system at the Murat already greets callers with this message: You have reached the Old National Center, a Live Nation venue.
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Schrenker: 'Data' show he tried to fake own death

March 15, 2010
 IBJ Staff and Associated Press
A former Fishers money manager facing fraud charges acknowledges in a newspaper interview that evidence indicates he was trying to fake his own death when he parachuted from his private plane that later crashed in a Florida swamp.
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Community banks face fight of their lives against big players

March 13, 2010
Peter Schnitzler
Small, community banks will bet on their strength in customer service, and large banks will offer business customers lower costs.
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REED: Imprudence, bad economy will claim several Indiana banksRestricted Content

March 13, 2010
John Reed
Banks are in trouble. Most are suffering at least a little, and many will not survive. That includes Indiana banks.
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Many banks cutting dividends to merely a pennyRestricted Content

March 13, 2010
Greg Andrews
Banks used to take pride in having long records of increasing dividends. Now, about all most can say is they still pay one.
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Banking reforms may bite weakest institutionsRestricted Content

March 13, 2010
Peter Schnitzler
Indiana 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.
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Indianapolis Housing Agency pulls off big tax credit deal

March 13, 2010
Tom Harton
City agency plans renovations, expansions at eight apartment properties.
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HICKS: Recession slows with costly job creationRestricted Content

March 13, 2010
Mike Hicks
While 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.
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Hoosier entrepreneurs make magazine's billionaires list

March 11, 2010
 IBJ Staff
Bill Cook, Dean White, Jim Irsay and Herb Simon have made Forbes magazine’s annual list of the richest people in the world.
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Huge tax-credit deal will fund rehab of 538 apartment units

March 9, 2010
Tom Harton
The largest tax credit deal in state history will fund the rehabilitation of 538 apartments in four complexes owned by the Indianapolis Housing Agency.
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Simon Property CEO uses hard-nosed style to excel at acquisitions

March 6, 2010
Cory Schouten
David 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.
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Barron's magazine names state's best financial advisers

March 6, 2010
 IBJ Staff
The majority of the top advisers work for Merrill Lynch, and all but two live in Indianapolis.
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Fair Finance trustee to make life tough for people on loan list

March 6, 2010
Greg Andrews
Borrowers from Tim Durham's bankrupt finance company will face heavy-handed collection tactics.
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SKARBECK: Financial reform should start with derivativesRestricted Content

March 6, 2010
Ken Skarbeck
At the very least, regulators need to get control of derivative trading—transactions need to be more transparent and carried out on an exchange.
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First Internet Bank suffers first loss since 2000

March 1, 2010
Peter Schnitzler
Problem loans led to a $2.1 million loss for the Web-based financial company in 2009.
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Chinese investors financing startup, early stage companiesRestricted Content

February 27, 2010
Norm Heikens
Indiana 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.
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Bankruptcy trustee for Fair Finance wades into morass of insider loans

February 27, 2010
Greg Andrews
Brian Bash will need to untangle a web of related-party transactions that have befuddled nearly everyone who has tried to make sense of them.
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HICKS: Cash-strapped cities paying for prior choicesRestricted Content

February 27, 2010
Mike Hicks
We are making budget cuts today that could well have been slowly phased-in for a generation. What are the implications?
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Judge halts dissolution of struggling Durham firm

February 26, 2010
Greg Andrews
A 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.
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  1. I think the poster was being sarcastic and only posting or making fun of what is usually posted on here about anything being built in BR or d'town for that matter.

  2. Great news IRL fans: TURBO the IMS sanctioned movie about slugs running the Indy 500 has caught the Securities and Exchange Commission because Dreamworks had to take a $132MILLION write down...because the movie was such a flop. See, the Indy/IMS magic soiled another pair of drawers. Bwahahahahahaha! How's CARTOWN doing? HAHAHAHA...Indy is for losers.

  3. So disappointed in WIBC. This is the last straw to lose a good local morning program. I used to be able to rely on WIBC to give me good local information, news, weather and traffic on my 45 minute commute.Two incidents when I needed local, accurate information regarding severe weather were the first signs I could not now rely on WIBC. I work weekend 12 hour nights for a downtown hospital. This past winter when we had the worst snowfall in my 50 years of life, I came home on a Sunday morning, went to sleep (because I was to go back in Sunday night for another 12 hour shift), and woke up around 1 p.m. to a house with no electricity. I keep an old battery powered radio around and turned on WIBC to see what was going on with the winter storm and the roads and the power outage. Sigh. Only policital stuff. Not even a break in to update on the winter storm warning. The second weather incident occurred when I was driving home during a severe thunderstorm a few months ago. I had already gotten a call from my husband that a tornado warning was just southwest of where I had been. I turned to WIBC to find out what direction the storm was headed so I could figure out a route home, only to find Rush on the air, and again, no breaking away from this stupidity to give me information. Thank God for my phone, which gave me the warning that I was driving in an area where a tornado was seen. Thanks for nothing WIBC. Good luck to you, Steve! We need more of you and not the politics of hatred that WIBC wants to shove at us. Good thing I have Satellite radio.

  4. I read the retail roundup article and tried Burritos and Beers tonight. I'm glad I did, for the food was great. Fresh authentic Mexican food. Great seasoning on the carne asada. A must try!!! Thanks for sharing.

  5. John, unfortunately CTRWD wants to put the tank(s) right next to a nature preserve and at the southern entrance to Carmel off of Keystone. Not exactly the kind of message you want to send to residents and visitors (come see our tanks as you enter our city and we build stuff in nature preserves...

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