Credit Crisis

Families hoard cash five years after financial crisis

October 6, 2013
Associated Press
One of the biggest drags on the economic recovery is fear. Households are hoarding cash, spending cautiously, avoiding debt, and shifting investments into low-yield (but potentially safer) holdings. When done on a global scale, such prudent moves can starve the economy.
More

FDIC sues executives over Irwin failureRestricted Content

May 25, 2013
Chris O'Malley
The 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.
More

Lawsuit takes on debt-modification firmRestricted Content

May 26, 2012
Chris O'Malley
A lawsuit filed in Georgia against an Indianapolis firm that helps consumers settle debt is just one in a parade of complaints targeting the industry.
More

Shelbyville's SCB Bank scrambles for capital

November 19, 2011
Francesca Jarosz
A 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.
More

Estridge again seeking investors to avoid closing

March 15, 2011
Scott Olson
The Carmel-based homebuilder said Tuesday that it will shut down if outside investors or a line of credit aren't obtained soon. The company previously received a cash infusion last June from a group of subcontractors.
More

Credit counselor to merge with Ohio-based network

December 2, 2010
J.K. Wall
Momentive Consumer Credit Counseling Service Inc. has agreed to be absorbed by Ohio-based Apprisen Financial Advocates, as financial pressures in the industry push not-for-profit agencies to become larger.
More

Indiana firm pays W. Virginia $175,000 in consumer case

November 8, 2010
Associated Press
West Virginia Attorney General Darrell McGraw said Monday that the money will be used to compensate customers of Indianapolis-based Preferred Financial Solutions Inc., doing business as CCR Now or Credit Card Relief Now.
More

Indianapolis-area experts see bright spots amid ongoing real estate weaknessRestricted Content

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.
More

Former bank exec receives 22-month sentence

September 9, 2010
Robert E. Tolle pleaded guilty Thursday in federal court of making fraudulent bank entries while serving as a loan officer at the Indianapolis office of Evansville-based Old National Bank.
More

Feds take over $20M Irwin pension shortfall

August 23, 2010
 IBJ Staff
The 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.
More

AIG sells American General unit to Fortress at loss

August 11, 2010
Bloomberg News
American International Group Inc. has agreed to sell a majority stake in its Evansville-based consumer lending unit, getting rid of an operation that posted about $1.7 billion in operating losses since 2008 and accumulated more than $17 billion in debt.
More

E-mails show how David Simon faced financial crisisRestricted Content

August 7, 2010
Cory Schouten
The first few months of 2009 were not an easy time to be CEO of Simon Property Group Inc. David Simon was feeling pressure from shareholders, lenders, employees and family members.
More

Banker who wreaked havoc fesses up to felony charge

July 17, 2010
Greg Andrews
Overseeing a portfolio filled with deteriorating loans is downright excruciating, as lending officers who’ve lived through the carnage of the recession can attest. Rob Tolle apparently cracked under the pressure.
More

Developer facing legal action everywhere it has built condos

June 12, 2010
Cory Schouten
Three of the four principals in Page Development were in court June 8 to sift through the fallout from a $1.35 million judgment against them. It's only the tip of Page Development's financial straits.
More

Battered banks don't see light at end of tunnelRestricted Content

May 29, 2010
Greg Andrews
Credit problems continue to bedevil banks big and small, many of them caused by soured commercial real estate loans.
More

New Indiana law aims to promote safety of traditional loansRestricted Content

May 22, 2010
Scott Olson
A 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.
More

Report: Examiners failed to curb risky lending at Irwin Union

May 5, 2010
 IBJ Staff and Bloomberg News
The now-defunct Irwin Union Bank and Trust almost tripled in size from 2000 to 2005 as it extended credit to subprime mortgage borrowers with insufficient collateral.
More

Community banks face fight of their lives against big players

March 13, 2010
Peter Schnitzler
Small, community banks will bet on their strength in customer service, and large banks will offer business customers lower costs.
More

REED: Imprudence, bad economy will claim several Indiana banksRestricted Content

March 13, 2010
John Reed
Banks are in trouble. Most are suffering at least a little, and many will not survive. That includes Indiana banks.
More

PNC profit rises despite growing loan losses

January 21, 2010
Associated Press
The bank's $1.01 billion in profit and its $5.08 billion in revenue were better than analysts expected.
More

Experts see 'great concern' over local construction outlook

December 21, 2009
Scott Olson
A symbolic topping-off ceremony early this month to celebrate a milestone on the massive JW Marriott hotel project can’t hide the anxiety felt within the construction industry.
More

PEARCE: More companies are focusing on consumers with poor credit ratings

December 12, 2009
Mike PearceMore

Some observers fear return of rising prices, stagnant growthRestricted Content

November 21, 2009
Peter Schnitzler
In the 1970s, stagflation—the unprecedented combination of stagnant economic growth and inflation—threatened to ruin financial institutions. Now some fear it might make a return.
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

Opportunists hunt deals in commercial real estate

October 24, 2009
Cory Schouten
Just about every player in the real estate business—whether individual investor, private-equity fund or publicly traded company—is trying to raise capital to take advantage of what they see as an inevitable shakeout in commercial property.
More
Page  1 2 >> 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. So much for Eric Holder's conversation about race. If white people have got something to say, they get sued over it. Bottom line: white people have un-freer speech than others as a consequence of the misnamed "Civil rights laws."

  2. I agree, having seen three shows, that I was less than wowed. Disappointing!!

  3. Start drilling, start fracking, and start using our own energy. Other states have enriched their citizens and nearly elminated unemployment by using these resources that are on private land. If you are against the 'low prices' of discount stores, the best way to allow shoppers more choice is to empower them with better earnings. NOT through manipulated gov mandated min wage hikes, but better jobs and higher competitive pay. This would be direct result of using our own energy resources, yet Obama knows that Americans who arent dependent of gov welfare are much less likely to vote Dem, so he looks for ways to ensure America's decline and keep its citizens dependent of gov.

  4. Say It Loud, I'm Black and Ashamed: It's too bad that with certain "black" entertainment events, it seems violence and thuggery follows and the collateral damage that it leaves behinds continues to be a strain on the city in terms of people getting hurt, killed or becoming victims of crimes and/or stretching city resources. I remember shopping in the Meadows area years ago until violence and crime ended make most of the business pack you and leave as did with Lafayette Square and Washington Square. Over the past 10 to 12 years, I remember going to the Indiana Black Expo Soul Picnic in Washington Park. Violence, gang fights and homicides ended that. My great grandmother still bears the scares on her leg from when she was trampled by a group of thugs running from gun fire from a rival gang. With hundreds of police offices downtown still multiple shootings, people getting shot downtown during Black Expo. A number of people getting shots or murdered at black clubs around the city like Club Six on the west side, The Industry downtown, Jamal Tinsley's shot out in front of the Conrad, multiple fights and shootings at the skating rinks, shootings at Circle Center Mall and shooting and robberies and car jackings at Lafayette Mall. Shootings and gang violence and the State Fair. I can go on and on and on. Now Broad Ripple. (Shaking head side to side) Say It Loud, I'm Black and I'm Ashamed.

  5. Ballard Administration. Too funny. This is the least fiscally responsive administration I have ever seen. One thing this article failed to mention, is that the Hoosier State line delivers rail cars to the Amtrak Beech Grove maintenance facility for refurbishment. That's an economic development issue. And the jobs there are high-paying. That alone is worth the City's investment.

ADVERTISEMENT