Banking & Finance

SKARBECK: Iceland offers case study of economy out of controlRestricted Content

September 5, 2009
Ken Skarbeck
Nowhere else on the stage of global economics was financial boom and bust more surreally scripted than in the small isolated country of Iceland.
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Oak Street Funding raises $50 million in new capital

September 5, 2009
 IBJ Staff
German group invests in Carmel-based company that specializes in financial services for insurance agencies.
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Former business owner Hockett sentenced for bank fraud

August 31, 2009
Scott Olson
A federal judge this morning sentenced a former Indianapolis business owner to 18 months in prison after he pleaded guilty to bank fraud in May.
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Fitch strips Indianapolis of prized AAA bond rating

August 29, 2009
Peter Schnitzler
Fitch and other rating agencies are concerned that the phase-in of property tax caps will further strain the city's finances.
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Venture firms recapitalize Advanced Physical Therapy LLC

August 29, 2009
 IBJ Staff
Locally based venture capital firms Cardinal Equity Partners and Centerfield Capital Partners have joined with Chicago-based bank Harris NA to recapitalize the state’s largest independent physical therapy provider.
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First Indiana deals stemmed from broader probe

August 25, 2009
Greg Andrews
The insider-trading settlements announced by the Securities and Exchange Commission this week were an outgrowth of a broader inquiry into trading in First Indiana Corp. by dozens of people before its sale two years ago, according to a former director of the bank.
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HICKS: As classes begin, students have fresh opportunity

August 24, 2009
Mike Hicks
Classes start this week at Ball State University, and other colleges and universities across the country. For many, it is a bittersweet moment, as parents say goodbye to their now young adults, handing them over to professors and scarily youthful resident hall assistants for safekeeping.
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SKARBECK: For numerous banks, times still troubling

August 24, 2009
Ken Skarbeck
Every Friday after the markets have closed, my e-mail starts getting dinged by the FDIC. That is when the government agency publicly announces the names of banks that failed during the past week.
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Two local accounting firms among top 100

August 24, 2009
 IBJ Staff
Katz Sapper & Miller LLP and Blue & Co. LLC are the only two local accounting firms to crack Inside Public Accounting’s latest top-100 list.
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Biglari consolidates power, as Steak n Shake reboundsRestricted Content

August 24, 2009
Greg Andrews
The Texas investor running the chain doesn't seem like such a champion of transparency these days.

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Marcus Schrenker gets prison sentence

August 24, 2009
 IBJ Staff and Associated Press
The Indianapolis money manager who crashed his plane and parachuted to safety in an elaborate scheme to fake his death and flee financial ruin, has been sentenced to more than four years in federal prison.
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Locals settle First Indiana insider-trading case

August 24, 2009
Greg Andrews
The Securities and Exchange Commission said today that it has settled insider-trading charges against three local residents who bought shares in First Indiana Corp. immediately before the July 9, 2007, announcement that it was being acquired by a Milwaukee bank for a 42-percent premium.
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Sallie Mae rallies over jobs in Fishers

August 21, 2009
Scott Olson
Sallie Mae CEO Al Lord visited the company's Fishers office this morning in his latest effort to get the word out that his business and his employees' jobs are threatened by a government proposal.
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BREAKING: Schrenker sentenced to 51 months in prison

August 19, 2009
 IBJ Staff and Associated Press
Indiana money manager Marcus Schrenker was sentenced to 51 months in federal prison today in Florida on charges that he deliberately crashed his plane to fake his own death and flee financial ruin, according to the Pensacola News Journal.
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Schrenker faces nine more charges in Indiana

August 19, 2009
 IBJ Staff
An Indiana money manager scheduled to be sentenced today in Florida on charges he deliberately crashed his plane to fake his death and flee financial ruin now faces more charges in his home state.
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Dodson Group CFO to plead guilty to wire fraud

August 18, 2009
Scott Olson
A former chief financial officer for The Dodson Group has agreed to plead guilty to wire fraud after admitting to stealing $422,539 from the Indianapolis-based firm.
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Ron Henriksen has accumulated a lifetime of mergers and acquisitionsRestricted Content

August 17, 2009
Marc D. Allan
A light touch and an eye for detail have brought Ron Henriksen riches and adventure in a humble life of deal-making. And at age 70, he has no plans to stop.
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PricewaterhouseCoopers adds BearingPoint consultants

August 17, 2009
 IBJ Staff
The Indianapolis office of New York-based PricewaterhouseCoopers is adding 20 consultants following the accounting firm’s purchase of a portion of McLean, Va.-based BearingPoint Inc.
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Loan defaults could cost David Marsh his Geist homeRestricted Content

August 17, 2009
Cory Schouten
David A. Marsh, the former supermarket executive and current president of the Crystal Flash convenience store chain, could lose his 11,800-square-foot mansion on Geist Reservoir over three defaulted loans.
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SCOLNIK: Indianapolis in dire need of more investment banksRestricted Content

August 17, 2009
Glenn Scolnik
A scarcity of investment bankers is hurting business growth in the Indianapolis area. Investment bankers play a crucial role in helping businesses find growth financing.
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Emerging life sciences companies grabbing more in government grantsRestricted Content

August 10, 2009
Chris O'Malley
More emerging life science companies have found life in the form of federal Small Business Innovation Research grants.
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SKARBECK: Tax-haven crackdown starts getting serious

August 10, 2009
Ken Skarbeck
If you never got around to opening that Swiss bank account, you might want to wait a bit longer—at least until after Sept. 23. That is the date the IRS has set for any tax-evading American to come forward regarding 52,000 accounts held at Swiss banking giant UBS under a Voluntary Disclosure program.
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Lilly reorganizes venture capital unitRestricted Content

August 10, 2009
Peter Schnitzler
Eli Lilly and Co. has reorganized its venture capital division and simultaneously poured in an additional $25 million.More

Large HHGregg investor ups stake, surprising analystsRestricted Content

August 10, 2009
Greg Andrews
HHGregg Inc. shares have enjoyed a spectacular runup this year. But the company’s biggest shareholder is making a huge bet that the good times are only beginning.
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Credit unions to pay hefty tab for bailoutsRestricted Content

August 10, 2009
Peter Schnitzler
Local credit unions largely avoided putting toxic assets on their own balance sheets. Even so, they’re going to have to pay millions of dollars to clean up their industry’s books.
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  1. I think the poster was being sarcastic and only posting or making fun of what is usually posted on here about anything being built in BR or d'town for that matter.

  2. Great news IRL fans: TURBO the IMS sanctioned movie about slugs running the Indy 500 has caught the Securities and Exchange Commission because Dreamworks had to take a $132MILLION write down...because the movie was such a flop. See, the Indy/IMS magic soiled another pair of drawers. Bwahahahahahaha! How's CARTOWN doing? HAHAHAHA...Indy is for losers.

  3. So disappointed in WIBC. This is the last straw to lose a good local morning program. I used to be able to rely on WIBC to give me good local information, news, weather and traffic on my 45 minute commute.Two incidents when I needed local, accurate information regarding severe weather were the first signs I could not now rely on WIBC. I work weekend 12 hour nights for a downtown hospital. This past winter when we had the worst snowfall in my 50 years of life, I came home on a Sunday morning, went to sleep (because I was to go back in Sunday night for another 12 hour shift), and woke up around 1 p.m. to a house with no electricity. I keep an old battery powered radio around and turned on WIBC to see what was going on with the winter storm and the roads and the power outage. Sigh. Only policital stuff. Not even a break in to update on the winter storm warning. The second weather incident occurred when I was driving home during a severe thunderstorm a few months ago. I had already gotten a call from my husband that a tornado warning was just southwest of where I had been. I turned to WIBC to find out what direction the storm was headed so I could figure out a route home, only to find Rush on the air, and again, no breaking away from this stupidity to give me information. Thank God for my phone, which gave me the warning that I was driving in an area where a tornado was seen. Thanks for nothing WIBC. Good luck to you, Steve! We need more of you and not the politics of hatred that WIBC wants to shove at us. Good thing I have Satellite radio.

  4. I read the retail roundup article and tried Burritos and Beers tonight. I'm glad I did, for the food was great. Fresh authentic Mexican food. Great seasoning on the carne asada. A must try!!! Thanks for sharing.

  5. John, unfortunately CTRWD wants to put the tank(s) right next to a nature preserve and at the southern entrance to Carmel off of Keystone. Not exactly the kind of message you want to send to residents and visitors (come see our tanks as you enter our city and we build stuff in nature preserves...

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