HAUKE: October likely to avoid much-predicted scariness
The two largest stock market crashes occurred in October.
Banking & Finance
Articles
My Health Care Manager lands $3 million investment
The company, which guides working adults and their parents through the maze of decisions and agencies involved in care for seniors, plans to use the money primarily to augment its sales staff and operations.
Trial delayed for money manager Schrenker
An Indiana judge has delayed until March the trial on securities fraud charges of a former money manager who tried to fake
his own death by jumping from a small plane before it crashed in Florida.
Events to teach personal finance, money management
Hundreds of free events to educate consumers on personal finance and money management will occur around Indiana the week of
Oct. 10-17 as part of the Federal Reserve Bank of Chicago’s annual Indiana Money Smart Week.
Government report questions banking bailout claims
The credibility of the government’s $700 billion financial rescue program was damaged by claims a year ago that all of the
initial banks receiving support were healthy, a new report contends.
Stock-market rebound lifts hopes of Hoosier mutual funds
The economic downturn walloped all three of the mutual funds headquartered in Indiana. But they’ve each enjoyed significant
recoveries this year. And the smallest of the bunch has big plans to break away from the pack.
SEC fines former CFO of American Commercial Lines
Christopher A. Black, a former investment banker in Indianapolis and former chief financial officer of Jeffersonville-based
river barge transportation firm American Commercial Lines Inc., has agreed to pay a $25,000 fine to settle a Securities and
Exchange Commission investigation.
Exterior work on bank tower wraps up with Regions sign
The Regions Bank name and logo are joining the city’s skyline atop One Indiana Square, also known as Regions Bank
Tower.
A pair of community banks see loan woes escalate
Community Bank of Noblesville and Blue River Bancshares Inc. of Shelbyville have seen loans sour
at a rate that might have seemed unimaginable before the housing market tanked and the recession set in.
EDITORIAL: Program gives people a financial leg up
Nearly 80,000 people in the city are “unbanked” and therefore lack this basic building block to financial health. A new program called Bank on Indy aims to change that.
SKARBECK: Trading in failed firms really isn’t ‘investing’
Who is “investing” in these stocks and why? It is safe to say they are not
investors who have done the exhaustive work of valuing the assets and liabilities, who then reached a conclusion that they
were getting good value for their money.
State charges Stifel Nicolaus didn’t disclose risks of auction-rate securities
An administrative complaint filed today by the Indiana Secretary of State’s Office alleges Stifel Nicolaus failed to disclose
risks associated with the sale of auction-rate securities to 141 Hoosiers who invested $54.9 million.
FDIC fee hitting small banks particularly hard
Fees imposed on U.S. banks to rebuild a Federal Deposit Insurance Corp. fund nearly depleted by scores of bank failures is
expected to sap profits of small financial institutions. Community banks with less income than their larger counterparts are
particularly at risk of having their 2009 earnings erased by the charges after an emergency fee on banks took effect June
30.
Banks work to protect electronic records from identity theft
Banks are fighting an ongoing battle with would-be identity thieves. Because banks are where the money is, the fight is
likely to go on a long time, with both thieves and banks growing in sophistication.
Purdue student-inventor nabs VC on TV show
A Purdue University student who invented a soy-based modeling dough walked away with a $300,000 investment after appearing
Tuesday on the ABC show “Shark Tank.”
Spurned Sponsel creates own CPA firm
A longtime partner of Indianapolis-based Greenwalt Sponsel & Co. Inc. has left the accounting firm and started his own after
he said it became apparent he would not become managing partner.
Carmel company plans to expand, add employees
Dealer Services Corp. announced Monday morning that it plans to create up to 60 jobs by the end of 2012 and invest $6.4 million
in its Carmel headquarters.
Greenwood man admits stealing cemetery funds
A man admits embezzling about $4.2 million in perpetual-care trust funds from a Michigan cemetery operated by his Indianapolis-based
company.
Widow likely biggest beneficiary of Simon’s estate
Bren Simon likely will inherit at least one-third of her billionaire husband’s fortune and potentially much more,
wealth managers speculate, based on the legal and tax issues involved in such a large estate.
Entrepreneur hopes real estate venture will rebuild neighborhoods, fund charities
David Sexauer has $250,000 and a list of about 120 properties he’d like to acquire from the city of Indianapolis.