Banking & Finance

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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Additional deals that didn't make the mergers-and-acquisitions list

January 23, 2010
These deals had no price tag, but still were significant.
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Indianapolis deals in 2009 ranged from $4.6 billion to $70Restricted Content

January 23, 2010
Norm Heikens
WellPoint's sale of its NextRx unit was the largest deal in the Indianapolis area in 2009.
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Indiana businesses are welcoming investment from ChinaRestricted Content

January 22, 2010
Peter Schnitzler
Some observers see a parallel to the state's seeking Japanese investment following recession in the early 1980s.
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SKARBECK: Looking at stocks, 10 years at a timeRestricted Content

January 9, 2010
Ken Skarbeck
During this century's first decade, investors had to cope with the uncertainties surrounding 9/11; huge corporate failures including Enron, Worldcom, Fannie Mae, Freddie Mac, and Lehman Brothers; and volatility wrought by both the tech and housing bubbles.
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Some of city's most successful money managers are father-son teams

January 2, 2010
Peter Schnitzler
All parents hope to teach their kids the value of money. Few end up successfully investing hundreds of millions of dollars together. But for a handful of top local teams, wealth management is a family affair.
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Cash-strapped mayors may tap owners of tax-exempt propertyRestricted Content

December 12, 2009
Kathleen McLaughlin
A group of mayors led by Tom Henry of Fort Wayne and Greg Ballard of Indianapolis is seeking new sources of revenue to replace the millions they’ll lose because of property tax caps.
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PEARCE: More companies are focusing on consumers with poor credit ratings

December 12, 2009
Mike PearceMore

Durham enlisted directors with personal, financial ties

December 5, 2009
Greg Andrews
Carl Brizzi's short stint as a Fair Finance director reflects a larger pattern in Tim Durham’s business dealings.
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Ohio balks at Fair Finance's latest effort to register securities

December 4, 2009
Greg Andrews
Ohio securities regulators have asked for a mountain of additional information from Tim Durham's Fair Finance Co. that they say they would have to evaluate before deciding whether to allow the company to resume the sale of investment certificates.
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Clarian Federal Credit Union acquires Community Choice

December 2, 2009
 IBJ Staff
The combined firm will have more than 8,700 members and more than $20 million in assets.
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SEC probing Durham deal with Texas firm

December 1, 2009
Greg Andrews
A Texas company acknowledged Tuesday that the SEC is investigating transactions between it and Tim Durham's Fair Finance Co.
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Feds drop Durham asset-seizure suit

November 30, 2009
Greg Andrews
The federal government on Monday morning dropped a high-profile civil lawsuit seeking to seize Tim Durham's assets after receiving assurance they wouldn't vanish.
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Fair Finance offices fail to reopen

November 30, 2009
Greg Andrews
Fair Finance Co. remained closed Monday morning, adding to the anxiety of Ohioans who have purchased about $200 million of the company's investment certificates.
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Feds seek seizure of Durham's assets

November 28, 2009
Greg Andrews
The federal government has filed court papers seeking forfeiture of Tim Durham's property, including his 30,000-square-foot Geist home, another home in Los Angeles and his 2008 Bugatti sports car.
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Disclosures key to feds' probe of Durham's Fair Finance

November 28, 2009
Greg Andrews
Any case federal prosecutors pursue against Tim Durham or his associates likely would revolve around what his Fair Finance Co. disclosed—or didn’t disclose—to potential investors, legal observers said.
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Former Huntington National Bank exec alleges age discriminationRestricted Content

November 28, 2009
Peter Schnitzler
Michael Lewis, 53, filed a complaint with the Indianapolis office of the U.S. Equal Employment Opportunity Commission Aug. 13 and sued Huntington Oct. 15 in Marion Superior Court.
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Brizzi dropped plan to serve on board of Durham company

November 25, 2009
Greg Andrews
Marion County Prosecutor Carl Brizzi said he agreed this fall to serve on the board of Tim Durham’s Fair Finance Co., but changed his mind several weeks later after Durham told him a newspaper was working on an investigative story about the company.
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UPDATE: FBI searches Durham-owned company offices

November 24, 2009
Greg Andrews
Ohio securities regulators say Tim Durham's Fair Finance Co. won't be permitted to sell additional investment certificates unless it satisfactorily answers a series of questions about the company's ability to pay them back.
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Falling property prices fuel new wave of bank woes

November 21, 2009
Peter Schnitzler
The second and third quarters were brutal for Indiana banks, as they set aside big reserves to cover losses on commercial real estate loans.
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Debt-shedding efforts start to pay off for BrightpointRestricted Content

November 21, 2009
Greg Andrews
The wireless phone wholesaler had survived two prior recessions and recognized the spoils in tough times go to companies with the strongest balance sheets.
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RELLER: Refinancings likely to undermine prices for commercial real estateRestricted Content

November 21, 2009
Ross Reller
Buyers armed with cash stand to snap up distressed properties for 40 percent less than their 2008 appraised values.
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NatCity name to remain at local branches until early 2010

November 16, 2009
 IBJ Staff
Pittsburgh-based PNC Financial Services Group Inc. has converted 240 former National City Bank branches to their new identity, but the 77 Indianapolis-area locations will keep the old brand for a bit longer.
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Rokita builds rep as tough enforcer of securities lawsRestricted Content

November 14, 2009
Peter Schnitzler
Secretary of State Todd Rokita has relied on fines and fees to greatly increase his office's firepower without a tax hike.
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Indiana bank CEOs get bigger pay hike than peers

November 14, 2009
 IBJ Staff
For banks, the last two years have been among the most tumultuous in history. Financial institution CEOs across the country responded by trimming their raises in 2009. But in Indiana, bank chiefs didn’t follow form.
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  1. Socialized medicine works great for white people in Scandanavia. It works well in Costa Rica for a population that is partly white and partly mestizo. I don't really see Obamacare as something aimed against whites. I think that is a Republican canard designed to elicit support from white people for republican candidates who don't care about them any more than democrats care about the non-whites they pander to with their phony maneuvers. But what is different between Costa Rica nd the Scandanavian nations on one hand and the US on the other? SIZE. Maybe the US is just too damn big. Maybe it just needs to be divided into smaller self governing pieces like when the old Holy Roman Empire was dismantled. Maybe we are always trying the same set of solutions for different kinds of people as if we were all the same. Oh-- I know-- that is liberal dogma, that we are all the same. Which is the most idiotic American notion going right back to the propaganda of 1776. All men are different and their differences are myriad and that which is different is not equal. The state which pretends men are all the same is going to force men to be the same. That is what America does here, that is what we do in our stupid overseas wars, that is how we destroy true diversity and true difference, and we are all as different groups of folks, feeling the pains of how capitalism is grinding us down into equally insignificant proletarian microconsumers with no other identity whether we like it or not. And the Marxists had this much right about the War of Independence: it was fundamentally a war of capitalist against feudal systems. America has been about big money since day one and whatever gets in the way is crushed. Health care is just another market and Obamacare, to the extent that it Rationalizes and makes more uniform a market which should actually be really different in nature and delivery from place to place-- well that will serve the interests of the biggest capitalist stakeholders in health care which is not Walmart for Gosh Sakes it is the INSURANCE INDUSTRY. CUI BONO Obamacare? The insurance industry. So republicans drop the delusion pro capitalist scales from your eyes this has almost nothing to do with race or "socialism" it has to do mostly with what the INSURANCE INDUSTRY wants to have happen in order to make their lives and profits easier.

  2. Read the article - the reason they can't justify staying is they have too many medicare/medicaid patients and the re-imbursements for transporting these patient is so low.

  3. I would not vote for Bayh if he did run. I also wouldn't vote for Pence. My guess is that Bayh does not have the stomach to oppose persons on the far left or far right. Also, outside of capitalizing on his time as U. S. Senator (and his wife's time as a board member to several companies) I don't know if he is willing to fight for anything. If people who claim to be in the middle walk away from fights with the right and left wing, what are we left with? Extremes. It's probably best for Bayh if he does not have the stomach for the fight but the result is no middle ground.

  4. JK - I meant that the results don't ring true. I also questioned the 10-year-old study because so much in the "health care system" has changed since the study was made. Moreover, it was hard to get to any overall conclusion or observation with the article. But....don't be defensive given my comments; I still think you do the best job of any journalist in the area shedding light and insight on important health care issues.

  5. Probably a good idea he doesn't run. I for one do not want someone who lives in VIRGINIA to be the governor. He gave it some thought, but he likes Virginia too much. What a name I cannot say on this site! The way these people think and operate amuses me.

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