Banking & Finance

Some up-and-coming angel investorsRestricted Content

April 3, 2010
Dozens of people in the Indianapolis area have the potential and the interest to become angel investors in the next few years.
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SKARBECK: How Grace stayed patient under pressure to sellRestricted Content

April 3, 2010
Ken Skarbeck
When we left, we were trying to imagine a few of the many obstacles Grace might have encountered as her initial investment grew into $7 million over 74 years.
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Small-biz lending on the rise

April 1, 2010
Scott Olson
Federal loan programs that help fund company expansions are seeing more activity from program administrators in Indianapolis.
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Answer to Murat's naming-rights fight likely to be found in lease

March 30, 2010
Kathleen McLaughlin
The Murat Temple Association, a Shriners affiliate that owns the iconic building, is suing Live Nation and Old National Bank over a naming-rights deal announced March 16.
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Shriners sue Live Nation, Old National over Murat renaming

March 29, 2010
Kathleen McLaughlin
The Murat Temple Association is a Shriners affiiate that owns the Murat Centre, which on March 16 was renamed the "Old National Centre" in a three-year deal between the bank and Live Nation.
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Entrepreneurs lose clout as VC funds get stingier

March 27, 2010
Scott Olson
Most local venture funds are standing pat because the economy is weak and they’re no longer in fund-raising mode. Having invested most of their funds, the firms have shifted to the nurturing, or “harvesting” stage, to try to improve investment returns.
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Former Thomson plant back in bankruptcyRestricted Content

March 27, 2010
Cory Schouten
A Bloomington investor bought the sprawling complex out of receivership in 2008, and had hoped to spend more than $20 million to renovate it.
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Fair Finance co-owner charged with domestic battery

March 22, 2010
Greg Andrews
The embattled businessman was booked into the Hamilton County Jail following an incident Saturday morning at his Geist Reservoir home.
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Big guns behind Allos Ventures tech fund

March 20, 2010
Chris O'Malley
The region’s blossoming technology sector is about to get another shot of financial fertilizer. The newly formed Allos Ventures has raised $20 million from investors and plans to focus on early-stage tech companies.
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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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  1. I'm sure Indiana is paradise for the wealthy and affluent, but what about the rest of us? Over the last 40 years, conservatives and the business elite have run this country (and state)into the ground. The pendulum will swing back as more moderate voters get tired of Reaganomics and regressive social policies. Add to that the wave of minority voters coming up in the next 10 to 15 years and things will get better. unfortunately we have to suffer through 10 more years of gerrymandered districts and dispropionate representation.

  2. Funny thing....rich people telling poor people how bad the other rich people are wanting to cut benefits/school etc and that they should vote for those rich people that just did it. Just saying..............

  3. Good try, Mr. Irwin, but I think we all know the primary motivation for pursuing legal action against the BMV is the HUGE FEES you and your firm expect to receive from the same people you claim to be helping ~ taxpayers! Almost all class action lawsuits end up with the victim receiving a pittance and the lawyers receiving a windfall.

  4. Fix the home life. We're not paying for your child to color, learn letters, numbers and possible self control. YOU raise your children...figure it out! We did. Then they'll do fine in elementary school. Weed out the idiots in public schools, send them well behaved kids (no one expects perfection) and watch what happens! Oh, and pray. A mom.

  5. To clarify, the system Cincinnati building is just a streetcar line which is the cheapest option for rail when you consider light rail (Denver, Portland, and Seattle.) The system (streetcar) that Cincy is building is for a downtown, not a city wide thing. With that said, I think the bus plan make sense and something I shouted to the rooftops about. Most cities with low density and low finances will opt for BRT as it makes more financial and logistical sense. If that route grows and finances are in place, then converting the line to a light rail system is easy as you already have the protected lanes in place. I do think however that Indy should build a streetcar system to connect different areas of downtown. This is the same thing that Tucson, Cincy, Kenosha WI, Portland, and Seattle have done. This allows for easy connections to downtown POI, and allows for more dense growth. Connecting the stadiums to the zoo, convention center, future transit center, and the mall would be one streetcar line that makes sense.

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