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Banking Regulations
Indiana credit unions are booming again
May 11, 2013
Norm Heikens, Chris O'MalleyCredit unions last year posted record earnings, thanks largely to lower loan-loss reserves, as well as to growing memberships,
growing debit cards, selling off mortgages and stealing business loans away from banks, their arch rivals.
MoreFARRA: Don't expect big dividends from banks anytime soon
May 11, 2013
George Farra / Special to IBJBanks will not return to their status as reliable sources of shareholder dividends for three years or longer.
MoreU.S. banks to pay $8.5B in mortgage settlement
January 8, 2013
Associated PressHundreds of thousands of Americans stand to benefit from the latest mortgage-abuse settlement, but consumer advocates say
U.S. banks may be getting the best of the deal.
MoreREED: Conditions for bank mergers thaw following long winter
May 19, 2012
John ReedA few Indiana banks enjoy prices in excess of 150 percent of book.
MoreJPMorgan Chase takes fire for 'hedge,' $2 billion loss
May 12, 2012
Associated PressMore than three years after the financial industry almost collapsed, the colossal misfire has been cited as proof that big
banks still do not understand the threats posed by their own speculation.
MoreSULLIVAN: New consumer agency could hinder economy
March 10, 2012
Charlene Sullivan / Special to IBJProtection must be balanced with allowing credit to flow
MoreShelbyville's SCB Bank scrambles for capital
November 19, 2011
Francesca JaroszA Shelbyville-based bank appears to have missed a federally mandated deadline for boosting its capital levels, a failure that
might put it at risk of government takeover.
MoreSuit says Irwin Union Bank execs missed snowballing risk
October 1, 2011
Greg AndrewsThe bankruptcy trustee's suit against the top three officers of the bank's parent seeks more than $500 million.
MoreIndianapolis-based banks struggle to emerge from slump
August 6, 2011
Francesca JaroszIndiana regional banks and national institutions are faring better, a possible indication that Indianapolis' economy isn't
recovering as quickly as expected.
MoreIndiana banks continue quest for tax consistency
August 6, 2011
Scott OlsonLobby prepares new pitch for next legislative session.
MoreCost cutting planned by Integra Bank's new owner
August 1, 2011
IBJ Staff and Associated PressOld National Bank President Bob Jones said an undetermined number of jobs will be eliminated, with the bulk of them being
branch managers and other management positions.
MoreCredit unions gun for more traditional bank business
May 21, 2011
Francesca JaroszA push by credit unions for more leeway with small-business lending is fueling an old fight with their banking rivals.
MoreHouse GOP budget spares bank insurance fund
February 22, 2011
J.K. WallIndiana bankers are relieved House Republicans decided to spare a bank insurance fund from being raided to plug holes elsewhere
in the state’s finances, but they're not done lobbying against the idea.
MoreIntegra Bank's auditor says situation may be dire
February 1, 2011
IBJ StaffMonday’s announcement is the latest ominous news for Integra, which is at risk of becoming the second Hoosier financial
institution to fail since the financial crisis began in 2008.
MoreDaniels, bankers may spar over deposit insurance fund
December 25, 2010
Francesca JaroszElected officials—including Gov. Mitch Daniels—have started eyeing the little-known, $250 million public deposit
insurance fund, or PDIF, as a potential way to plug budget gaps next year.
MoreIndianapolis banker sees progress, challenges at ailing Integra
December 4, 2010
Greg AndrewsMike Alley, perhaps more than any other banker in the state, is experiencing the pain the economic crisis has wrought on the
nation’s financial institutions.
MoreIndianapolis investment adviser Gene Tanner in it for the long haul
November 20, 2010
Norm HeikensAt 78, L. Gene Tanner is one of the longest-serving investment advisers working in Indianapolis. Tanner spoke with IBJ's
Norm Heikens about why he shifted to City Securities, his brush with convicted Ponzi scheme operator Bernard Madoff, and how
his investment strategy has changed.
MoreIndianapolis-area experts see bright spots amid ongoing real estate weakness
October 23, 2010
Health care shows signs of life, and multi-family buildings continue to hold their own, experts said during a recent IBJ
Power Breakfast.
MoreFeds take over $20M Irwin pension shortfall
August 23, 2010
IBJ StaffThe Pension Benefit Guaranty Corp. estimates Irwin Financial Corp.’s pension plan is 56 percent funded, with assets
of $26.7 million
to cover $47.2 million in benefit liabilities.
MoreTrustee: Durham used Fair funds for gambling, donations
August 3, 2010
Greg Andrews, Associated PressThe bankruptcy trustee said Durham spent $2.8 million on gambling and resorts, $3.3 million on interior decorating and $14
million on real estate.
MoreHistoric financial overhaul signed into law by Obama
July 21, 2010
Associated PressRep. Mike Pence of Indiana, a member of the House GOP leadership, on Wednesday joined House Minority Leader John Boehner of
Ohio in calling for the law's repeal.
MoreLawmakers approve big Wall Street revamp
June 25, 2010
Bloomberg NewsBill headed for Obama's desk would reform financial regulation in effort to protect consumers, curb risks, boost surveillance
of threats to markets, and give regulators more emergency powers to avoid future bank bailouts.
MoreNew collateral rules for Indiana deposits may favor big banks
May 22, 2010
Peter SchnitzlerNew state rules designed to protect government cash from bank failures might have an unintended consequence: helping the biggest
banks and hurting the smallest.
MoreNew Indiana law aims to promote safety of traditional loans
May 22, 2010
Scott OlsonA new state program is encouraging lenders to promote the stability of their conventional mortgages to help Indiana's
housing market rebound from a foreclosure crisis instigated by risky loans.
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.
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In my opinion the estridge companies are crooks. They filed bankruptcy on their 'track housing' side of the business two weeks before they closed on one of my clients' homes. When my client first interviewed Estridge as a builder 6 months before, they specifically ASKED about the solvency of their business, knowing that some builders were struggling. Estridge truly misrepresented their financial situation at that time. I suppose I am more unhappy with the whole system than I am with the builder because what the heck==you can file bankruptcy on 'track homes' but still keep building and make money off of 'custom built' homes??? How ridiculous! They are all homes. How can a company be allowed to bilk thousands of dollars from their subcontractors but still be allowed to build houses?? they should have been made to pay back all their unpaid contractors before being allowed to profit from building any more houses! This alone makes them and the system crooks in my eyes. I would never build an estridge home and I would not recommend for my clients either. If they were truly 'bankrupt' how could they afford to keep building homes anyway??? The whole system needs fixed.
I live a couple blocks east of the Angie's campus and my house is assessed for ~$160,000. If I could get that amount, let alone $384,000 (a 140% bonus), I'd sell in a minute. Either Angie's stockholders just got fleeced, or Angie's is getting about a 58% discount on their property taxes, if these properties are actually worth what they paid Mr. Oesterle for them. Which do you think is the case?
Perhaps the IMA board is really to blame! They agreed to hire Charles. They can't seemingly find donors among themselves, or bring in new blood that will support the museums operating budget with an expanded museum and money to provide curators with something to do (ie buy art). The headlines of disarray at the museum and mass firings are hurting the reputation of the museum for some time to come. If people on the board had misgivings, perhaps they shpuld have more forcefully opposed efforts that they have seemingly been unable to fund, like expansion and the costs it has created!
See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.