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Banking & Finance
REITs tumble most since 2011 on concern of rising rates
June 19, 2013
Associated PressShares in U.S. real estate investment trusts fell the most in 19 months Wednesday. Three major REITs, all based in Indianapolis,
saw their shares drop on Wednesday.
MoreWorld looks to Bernanke to clarify stimulus plans
June 17, 2013
Associated PressFinancial markets have been gyrating in the 3½ weeks since Bernanke told Congress the Fed might scale back its effort
to keep long-term rates at record lows within "the next few meetings"— earlier than many had assumed.
MoreHilbert puts MH management company into Chapter 11
June 15, 2013
Greg AndrewsThe move, the latest fallout from the executive's feud with hardware king John Menard, puts on hold a Wisconsin lawsuit
that sought millions of dollars from the company.
MoreMost of Indiana's largest public companies enjoyed strong 2012
June 15, 2013
Angie's List turned a profit for the first time in nearly two decades.
MoreSuit: Menard pressured Tomisue Hilbert for sexual favors
June 15, 2013
J.K. WallThe lawsuit charges Tomisue Hilbert's rejection of the billionaire is the real reason he launched a bitter battle to remove
her husband, Steve Hilbert, as CEO of the Indianapolis-based private-equity funds the three of them started in 2005.
MoreEstate of Financial Center's former CEO seeks death benefit
June 14, 2013
Chris O'MalleyThe widow of former Financial Center CEO Roger Youngs alleges in a lawsuit that the Indianapolis credit union owes his estate
$936,162, per his retirement agreement.
MoreTop 6 ExactTarget officers reap $92.5M in option gains in sale
June 13, 2013
Dan HumanThe gains for top brass represent about one-third of the $277 million in option gains that the company's 1,700-person
work force will rack up, regulatory filings show.
MoreAgency: Opting for overdrafts means higher fees
June 11, 2013
Associated PressA U.S. agency says consumers who opt for overdraft coverage on their checking accounts pay higher fees and are more likely
to have their accounts closed than those who decline it.
MoreExactTarget option gains approach $300M
June 8, 2013
Dan HumanxactTarget Inc.’s sale will swell the value of employee stock options to nearly $300 million—a windfall local
tech experts expect will launch a wave of entrepreneurship over the next several years.
MoreUpstate bank headed for Fishers
June 8, 2013
A Warsaw-based bank will build in Fishers its second Indianapolis-area office.
MoreBank gives Indy $1.4M to settle discrimination complaint
June 7, 2013
Associated PressThe settlement results from a complaint that alleged Wells Fargo's properties in white neighborhoods were much better
maintained and marketed than properties in minority areas.
MoreStocks swoon after weak economic reports
June 5, 2013
Associated PressCompanies like miners, banks and chemical makers, whose fortunes are most closely tied to the prospects for growth, fell the
most. That's a sign investors are becoming less confident in the U.S. economy.
MoreNational mortgage settlement checks in the mail
June 4, 2013
Associated PressIndiana Attorney General Greg Zoeller says checks totaling more than $26 million will be mailed to more than 18,000 Indiana
consumers this month containing shares of the National Mortgage Settlement.
MoreIEDC rolling out $1M diversity investment fund
June 4, 2013
Greg AndrewsFund managers will seek to invest in companies owned by minorities, women and veterans that have sustainable competitive advantages,
scalable business models and the potential for meaningful job creation.
MoreBank seeks to foreclose on architectural firm’s HQ
June 3, 2013
Scott OlsonKeyBank has filed a lawsuit against A2SO4 Architecture and is asking a judge to appoint a receiver to manage the property
at 540 N. College Ave. The bank says it is owed nearly $1 million.
MoreAverage household far from regaining wealth, study says
May 31, 2013
Associated PressThe average U.S. household has regained less than half the wealth it lost to the Great Recession, a report released Thursday
by the Federal Reserve Bank of St. Louis concluded.
MoreOld National to close 13 Indy bank branches
May 29, 2013
Mason KingThe move, part of a statewide effort to streamline operations and save money, will leave 27 Old National branches in the nine-county
area.
MoreFirst Merchants accused of overdraft fee violations
May 29, 2013
Chris O'MalleyA lawsuit seeking class-action status alleges that the Muncie-based bank manipulated the timing of customers' transactions
to cause their checking accounts to bounce more frequently, generating millions of dollars in overdraft fees.
MoreFormer bookkeeper pleads guilty to stealing $680K
May 29, 2013
Associated PressFifty-three-year-old Karen Armacost of Franklin admitted to forging hundreds of checks between 2007 and 2012 from the Greenwood
Orthopaedics surgical group.
MoreHorizon Bank gains access to Mass Ave with building purchase
May 28, 2013
Scott OlsonMichigan City-based Horizon Bank bought the two-story building at 302 N. Alabama St. for $1.5 million and is embarking on
a "substantial" investment in the property.
MoreFDIC sues executives over Irwin failure
May 25, 2013
Chris O'MalleyThe Federal Deposit Insurance Corp. has filed suit against four former officers of defunct Irwin Financial Corp. banks, alleging
they “closed their eyes to known risks” in approving loans that contributed to the banks’ 2009 takeover
by regulators.
MoreFinish Line's cash hoard could make it alluring target
May 25, 2013
Greg AndrewsThe Indianapolis-based retailer is debt-free and has amassed $227 million in cash on its balance sheet. That works out to
$4.63 per share.
MoreMayor suspends land bank after indictments
May 22, 2013
Associated PressIndianapolis Mayor Greg Ballard on Wednesday sidelined a city program that sells vacant and tax-delinquent properties, one
day after federal prosecutors indicted two of its top officials for allegedly accepting bribes and kickbacks.
MoreStonegate raises $115M to fund jumbo mortgage expansion
May 22, 2013
Bloomberg NewsThe fast-growing Indianapolis-based firm will use the funds to fuel originations of loans not intended for government-backed
programs, as well as to build its portfolio of servicing contracts, CEO Jim Cutillo said.
MoreCenterfield rounds up $171M for new fund
May 18, 2013
Dan HumanAn Indianapolis private investment firm has raised one of the largest-ever funds in the state. Centerfield Capital Partners
pulled in $171 million that it plans to invest in about 20 companies. Its two previous funds totaled $60 million and $116
million.
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Ameriana Bank took over Westfield Farmers Market for 2013 and it is held in their parking lot, corner of 32 and Carey road, 5 to 8. I am selling soap and candles there. great market!
B&T certainly has enough of our taxpayer dollars to do this thanks to Mayor Ballard. Given the firm's exceedingly poor reputation in the legal community, the basement would seem a better option.
Should read MAY hire 20 people.
Not a good location for a 300,000 home. 10th Street fumes, buses, noise. Max for this location 150,000.
The state constitution also does not say that the majority has a right to quorum, nor that the minority is required to allow them quorum. In fact, denial of quorum has been a parliamentary maneuver since the establishment of the first parliaments in the early 1600s. The right to deny quorum (and the requirement fore quorum) are to prevent exactly what happened in Indiana: A tyrannical majority pushing through odious, objectionable legislation. Denial of quorum is totally legitimate, and lest we forget, a tactic the GOP has employed many, many times to ensure their issues weren't given short shrift. By allowing the majority to impose "fines" on the minority for exercising the authority the constitution grants them (to deny quorum,) they are violating the constitution.