Banking & Finance

Indiana banks accepting TARP fundingRestricted Content

December 29, 2008
Cory Schouten
Many of Indiana's banks jumped at the chance to apply for a share of the federal government's capital-infusion program, and ones that win approval likely will accept the funds designed to shore up still-healthy financial institutions.
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Recession, lockdown of credit hammers businesses of all sizesRestricted Content

December 29, 2008
Cory Schouten
Stock markets fell, jobs disappeared, and the outlook for the economy seemed to grow grimmer by the week in 2008. Banks, real estate developers, retailers and manufacturers took some of the worst hits, but all types of businesses in central Indiana felt the pain.
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Stock markets weather historic plungeRestricted Content

December 29, 2008
Greg Andrews
Unless markets surge in the final days of the year, 2008 will go down as the worst year for stocks since the Great Depression.
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High-flying Premier Properties crashes

December 29, 2008
Cory Schouten
The founder of local real estate firm Premier Properties USA Inc. saw his company falter this year and faced three felony charges in connection with its downfall.
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Time to close book on '08, and not a moment too soonRestricted Content

December 29, 2008
Ken Skarbeck
For investors across the globe, most would agree that 2008 was an annus horribilis. Anyone with a vague recall of Latin will arrive at the translation of "horrible year."
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Turmoil forces National City saleRestricted Content

December 29, 2008
Cory Schouten
After a 17-year run in Indianapolis, National City's trademark green signs are set to be replaced with the blue of Pittsburgh-based PNC Financial.
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Twice-bankrupt ATA finally foldsRestricted Content

December 29, 2008
Chris O'Malley
Any hopes that hometown airline ATA would make a comeback and eventually resume scheduled service from Indianapolis were dashed April 2, when it filed for bankruptcy and ceased operations.
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Conseco's investment loss of $96 million 'pretty good' by comparisonRestricted Content

December 22, 2008
J.K. Wall
Eric Johnson, Conseco Inc.'s president over its investment unit called 40/86 Advisors, talked with IBJ about the surprises of the investing world over the last 18 months.
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Stitle: Bank's sale to PNC fuels 'burst of adrenaline'Restricted Content

December 15, 2008
Greg Andrews
"I have no intention of retiring â?? now or ever," said Steve Stitle, CEO of National City Bank in Indiana, after the bank was purchased by PNC Financial.
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Givers get strategicRestricted Content

December 15, 2008
 Wealthy people are getting more advice from hired professionals and less from peers and not-for-profit personnel when making decisions about charitable giving, a new study shows.
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Weird yields for Treasuries evidence of investor angstRestricted Content

December 15, 2008
Ken Skarbeck
A large number of investors are so fearful these days that they have flocked to the safest securities, pushing down interest rates to virtually nothing.
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Bold bets on Hoosier firms yield horrific results so farRestricted Content

December 8, 2008
Greg Andrews
The millions of dollars they plunked down to buy stock in local companies over the past two years have shriveled in value, leaving them way, way below break-even.
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Lease-to-own options becoming more popularRestricted Content

December 8, 2008
Chip Cutter
With credit tight and the economy shaky, homeowners around the region are increasingly choosing to sell their properties on a lease-to-own basis.
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Diesel dip in price not fueling trucking recoveryRestricted Content

December 8, 2008
Scott Olson
Hampered much of the year by high fuel prices, trucking companies still may be in for a long haul before they're back on the road to recovery.
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Worst fallout to come in waning days of recessionRestricted Content

December 8, 2008
Mike Hicks
The Dec. 1 announcement by the Business Cycle Dating Committee of the National Bureau of Economic Research officially dated the recession back to the fourth quarter of 2007.
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State public company execs grab up stock as prices fallRestricted Content

December 1, 2008
J.K. Wall
The unprecedented plunge on Wall Street the last three months has spurred a couple of dozen executives and directors at Indiana public companies to scoop up shares in their own companies.
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Study says most U.S. pensions are poised to recoverRestricted Content

December 1, 2008
A new national analysis of U.S. public pension funds suggests most invest prudently, even in volatile times.
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Analyzing intrinsic value unearths some bargain stocksRestricted Content

December 1, 2008
Ken Skarbeck
investors looking at business valuations likely will conclude there are companies selling at prices less than their intrinsic values.
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NFP of NOTE: Momentive Consumer Credit Counseling Services

December 1, 2008
Momentive Consumer Credit Counseling Services work to change lives by helping people gain financial stability.
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Companies face pension-plan shortfallsRestricted Content

November 24, 2008
Chris O'Malley
Private employers that still offer traditional pension plans are getting a big shock as they assess how much more it will cost to shoulder retirement obligations.
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Greensfork Township State Bank to acquire local startup that failed to live up to high hopesRestricted Content

November 24, 2008
Cory Schouten
A rural Indiana bank that specializes in farm lending has agreed to buy Symphony Bank for less than the ambitious startup spent to build its extravagant branch on 96th Street.
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Automotive Finance Corp. writes off $162 million, reflecting slow auto salesRestricted Content

November 24, 2008
Chris O'Malley
Slowing auto sales have forced Carmel-based Automotive Finance Corp., which lends money to car dealers to buy used vehicles at auction, to take a big write-off on the declining value of its loan portfolio.
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Lean companies have best chance to surviveRestricted Content

November 24, 2008
Jean Wojtowicz
Make your business look as attractive as possible to your banker because you are competing for financing with other small businesses.
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Fed's TARP changes adding to anxietiesRestricted Content

November 17, 2008
Ken Skarbeck
Experts with the Troubled Asset Relief Program, the government's financial bailout program, are struggling to figure out how best to relieve America's financial mess.
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Former Conseco director liable for some unpaid stock loansRestricted Content

November 17, 2008
J.K. Wall
Dennis E. Murray Sr. was declared liable in October by U.S. District Court Judge Larry J. McKinney for at least some of the millions of dollars he borrowed to buy Conseco stock in the late 1990s.
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  1. This is still my favorite Mexican restaurant in town. What I do love about the new version is it is much quieter than the most recent version. TV's were off, the music wasn't too loud, and the wait staff were not hyperactive like they had been the past few times I had been there. I just wish they would bring back the MOLE for the enchiladas!

  2. Not a bad paper. There is a need for local community news and city government issues. Don't really need the owner's constant national political rants. We all know where they stand by now.

  3. What nice people. Menard should've known better than to team up with the guy who robbed and drove Conseco to ashes. I'm surprised Timothy Durham isn't involved in this.

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  5. It is beyond me how anyone can think this was a "bad deal" for the state! If they could take the money back then, yes, but they can't! Protections were built in the agreement. Now, if they roll the roads up and take them away, I will agree that it was a bad deal. Otherwise, the only way to have paid for the infrastructure that was badly needed was for the state to issue bonds....that is a four letter synonym for debt folks!!

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