Banking & Finance

SKARBECK: Getting a good price hinges on stock's valueRestricted Content

November 14, 2009
Ken Skarbeck
Making investment decisions based on where a stock price has been in the past or betting on where it may go in the future is futile and foolish unless the investor has determined the value of the stock.
More

Adesa parent turns profit on lower revenue

November 10, 2009
Carmel-based KAR Auction Services Inc. on Monday said the company turned a profit in the third quarter, although revenue decreased slightly.
More

Major stock indexes climb to yearly highs

November 9, 2009
Associated Press
Major stock indexes rose as much as 2 percent, including the Dow Jones industrial average, which jumped 203 points.
More

Failed Charlotte skyscraper brings Indianapolis developer back to earth

November 7, 2009
Greg Andrews
The Flaherty & Collins project—dubbed 210 Trade—would have been the tallest residential building in the Carolinas, with more floors than any building in the region except the Charlotte headquarters of Bank of America Corp.
More

Huntington National Bank's assets fell because partnership ended

November 7, 2009
 IBJ Staff
Last week’s front-page story “Shuffling the deck” pointed out the significant gains midsize banks have made in the Indianapolis market over the last year. The one glaring exception was Columbus, Ohio-based Huntington National Bank, which had lost $56.3 million in local deposits as of June 30, according to the FDIC. A closer look explains why.
More

Loan losses contribute to First Internet's poor earnings

November 4, 2009
Indianapolis-based First Internet Bancorp on Wednesday said it lost $208,806 in the third quarter, as loan losses continued to increase.
More

Blue River posts loss on poor loan climate

November 4, 2009
Shelbyville-based Blue River Bancshares Inc. on Tuesday night said mounting loan losses contributed to a third-quarter loss of $356,000.
More

First Merchants posts quarterly loss on bad loans

November 2, 2009
Muncie-based First Merchants Corp. said Monday afternoon that loan charge-offs contributed to a loss of $6.4 million in the third quarter.
More

Economic turmoil hasn't shaken up local banks' market sharesRestricted Content

October 31, 2009
Peter Schnitzler
One of the toughest runs for the finance industry since the Great Depression didn’t lead to a major shakeup in Indianapolis’ banking landscape. Substitute PNC’s brand for National City’s, and the top eight positions remain unchanged.
More

Steak n Shake's Biglari adds intrigue by buying stake in insurer

October 31, 2009
Greg Andrews
The Indianapolis-based company's CEO revealed earlier this year that he intends to use Steak n Shake as a holding company that will pursue purchases “either related or unrelated to its ongoing business activities.”
More

HICKS: Recession results in 'great deleveraging'Restricted Content

October 31, 2009
Mike Hicks
On virtually every meaningful measure, this recession stacks up as only the third or fourth worst post-World War II recession, but its effects are much more profound in a few areas. One area that will be most apparent is the changes the economy has wrought on consumer credit.
More

SKARBECK: Lenders still not serious about serious reformRestricted Content

October 31, 2009
Ken Skarbeck
The early signs point to meek efforts by the Obama administration to address gaping regulatory issues.
More

Old National reports earnings well below expectations

October 26, 2009
 IBJ Staff
Evansville-based Old National Bancorp on Monday morning reported a third-quarter profit of $4 million, or 6 cents per diluted share, missing consensus analyst expectations by about 5 cents per share.
More

Related-party loans pile up at Durham-owned finance firm

October 24, 2009
Greg Andrews
Indianapolis businessman Tim Durham has treated Ohio-based Fair Finance Co. almost like a personal bank since buying it seven years ago, and now he, his partners and related firms owe it more than $168 million, records show.
More

First Financial gets sweet deal on Irwin Financial's bank assetsRestricted Content

October 24, 2009
Greg Andrews
It’s good to be among the favored few, those blessed by the Federal Deposit Insurance Corp. to scoop up the remnants of failed banks. Because it was on the FDIC list of approved buyers, Cincinnati-based First Financial Bancorp was able to acquire Columbus, Ind.-based Irwin Financial Corp.’s banking operations under terms that would make any deal-maker proud.
More

Local lenders support small-biz loan initiative

October 22, 2009
Scott Olson
Small business lenders in Indianapolis are supporting a proposal announced by President Obama Wednesday that would increase the size of government-backed loans.
More

Second developer facing foreclosure on Fishers property

October 20, 2009
Scott Olson
The developer of the proposed $80 million project is facing foreclosure on the property at the same time adjoining land critical to the project's development has been scheduled for liquidation by a lender.
More

KALSCHEUR: Doctors eye precautions as reform gains steamRestricted Content

October 17, 2009
Michael Kalscheur
Doctors are considering their options as health care reform gains momentum.
More

SKARBECK: Market a bright spot amid worrisome economyRestricted Content

October 17, 2009
Ken Skarbeck
The financial media have the corks ready to pop as the Dow Jones industrial average re-crosses what pundits claim is the â??psychologically importantâ?? 10,000 level.
More

Dow Jones industrials close above 10,000

October 14, 2009
Associated Press
The Dow Jones industrial average is back above 10,000 for the first time in a year.
More

Study: Taxing services could yield state $6.8B

October 12, 2009
Peter Schnitzler
The non-partisan Indiana Fiscal Policy Institute this morning released a new study exploring the ramifications of expanding the state's sales tax to include services.
More

Securities firm Stifel Nicolaus balks at fraud charge

October 10, 2009
Peter Schnitzler
Transactions cited in the complaint involved advisers scattered across the firm’s seven Indiana offices, though two-thirds were clients of Jeff Cohen.
More

Economist: Recovery at hand, but barriers exist

October 9, 2009
Scott Olson
Leading indicators show that an economic recovery likely will take hold in 2010, although several challenges remain that could delay a solid rebound from the worst recession in a generation, an economist said Friday morning at IBJ's annual Economic Forecast.
More

FDIC fee hitting small banks particularly hardRestricted Content

October 3, 2009
Scott Olson
Fees imposed on U.S. banks to rebuild a Federal Deposit Insurance Corp. fund nearly depleted by scores of bank failures is expected to sap profits of small financial institutions. Community banks with less income than their larger counterparts are particularly at risk of having their 2009 earnings erased by the charges after an emergency fee on banks took effect June 30.
More

A pair of community banks see loan woes escalateRestricted Content

October 3, 2009
Greg Andrews
Community Bank of Noblesville and Blue River Bancshares Inc. of Shelbyville have seen loans sour at a rate that might have seemed unimaginable before the housing market tanked and the recession set in.
More
Page  << 1 2 3 4 5 6 7 8 9 10 >> pager
Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

ADVERTISEMENT