The Indianapolis-based parent company of First Internet Bank of Indiana said on Monday that it earned $2.2 million in the
first quarter, compared with a loss during the same time frame last year.
Evansville-based Old National Bancorp on Monday reported a first-quarter profit of $10.1 million, up
84 percent from the prior-year period and a big improvement from the fourth quarter of 2009, when the company posted a loss
of $9.3 million.
As much as I disagree with corporate welfare and insider back-room dealings, the fact is that Goldman Sachs is one of the most powerful institutions in the world.
Perhaps the biggest problem is in estimating who is in and not in the formal work force. Even in good times, a surprising number of workers labor in the shadow economy, invisible to government statisticians.
Borrowers may not be able to refinance many of the more than $1.4 trillion in commercial real estate mortgages coming due
by the end of 2014.
Clarian is planning to spend $1.7 billion in the next five years on capital projects, half of that going to its downtown Indianapolis
campuses.
PNC Bank has about 80 bank branches and 1,100 employees in the Indianapolis area, all doing business under the National City
name.
U.S. Reps. Kucinich and LaTourette say about 225 Marine Corps IT jobs belong in Cleveland instead of Indianapolis.
Huntington National Bank, a subsidiary of Huntington Bancshares, operates nearly 50 branches and has about 600 employees in
the Indianapolis area.
The program will expand to St. Joseph and Marion counties this month, to Monroe County this summer, and the rest of the state
later.
Three Serbian players, two of whom spent time in the NBA, allege Carmel-based Worldwide Associates LLC mismanaged over $12
million.
A home that fetched $1.6 million in 2005 fetched a mere $370,000 when the lender sold it last year.
Grace held her investment through many ups and downs in the stock market. But most important to her was that Abbott as a
business continued to thrive, despite the swings in its stock price.
Conseco expects its write-offs will be worth more than $800 million over the next 20 years.
Unsatisfied with the Hoosier Park owner’s reorganization plan, hedge funds represented by Wells Fargo Bank petition for conversion
of Chapter 11 bankruptcy into Chapter 7.
The suit against Laikin, a longtime friend of Fair Finance CEO Tim Durham, is the first major legal move to untangle the morass
of related-party loans that propelled the company into insolvency.
Bank of America Corp. is arranging a five-year loan that will be sold at a discount of 98 cents to 98.5 cents on the dollar,
according to a source who declined to be identified because the discussions are private.
The Washington, D.C.-based Pew Center on the States says Indiana “needs improvement” in setting aside money for
retirees’ future health care and other benefits.
The troubles at U.S. Rubber Reclaiming demonstrate the challenges a bankruptcy trustee faces in trying to recover money for
investors.
The country started off as a dump for prisoners and other unwanted British citizens, but it has evolved into a modern-day
paradise.
