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.
Banking & Finance
Articles
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.
HICKS: Stimulus job creation has been surprisingly small
Earlier this month, the Obama administration released its estimate of the impact of the fiscal stimulus on job creation.
HAUKE: Gold-crazed investors keep pushing price up
Gold has been part of our story since the beginning of time. For at least 5,000 years, humans have been able
to find it, mine it, process it and shape it into all kinds of things.
COX: Converting to a Roth IRA offers considerable tax breaks
The deadline for converting traditional individual retirement accounts to Roth IRAs arrives at the end of the 2009.
PITTSFORD: Business ownership brings stability and greater financial rewards
Owning your own business is more attractive today than ever, especially if you are in your 20s or 30s.
A battered stock market is no reason to stop investing for a college education
It’s no time to be cautious about investing for a college education. Rather, the drop in the stock market presents an ideal time to be aggressive.
New Indiana law requires schools to teach financial acumen
Indiana Superintendent of Public Instruction Tony Bennett plans to meet a state mandate to offer financial instruction by
incorporating the topic in the classroom via real-world example.
Ex-Lampoon exec Dan Laikin admits to stock fraud
Carmel businessman Dan Laikin pleaded guilty this afternoon to participating in a fraudulent scheme to pump up the stock price
of National Lampoon Inc., the Los Angeles-based entertainment company he led.