Bill opens door to crowdfunding investments for businesses
Privately owned businesses in Indiana will be able to raise investments online as part of a bill on the way to Gov. Mike Pence’s desk.
Banking & Finance
Articles
More hiring coming to Indiana?
At first blush, a poll that suggests 40 percent of Hoosier businesses plan to invest money into their business this year sounds promising.
Company must pay back Indiana businesses
A company has agreed to refund to nearly 1,200 Indiana businesses the money they paid for services that they erroneously believed were required by law.
Companies, including WellPoint, use buybacks to boost stock
Companies have been spending big on buybacks since the 1990s. What's new is the way buybacks have exaggerated the health of many companies.
Biomet files to sell shares in IPO to pay down debt
Indiana-based Biomet Group Inc., a closely held maker of orthopedic medical devices, had been publicly traded until 2007 when it was acquired by the group of private equity firms.
Collection firm Deca accused of not paying bills
Creditors are trying to force the company, which just two years ago was touting ambitious expansion plans, into bankruptcy.
Same-sex marriage tax benefits nixed by Senate
Indiana lawmakers voted to change a tax bill Monday, a move allowing the state to keep its current policy, which does not recognize same-sex marriages for tax purposes.
Stonegate plans to add 400 workers in expansion
The mortgage company plans to invest $6.2 million in new office space in Carmel, at the North Haven office park, helping it double its work force by 2017.
A strong February wipes out market’s January loss
The Standard & Poor's 500 index rose 4.3 percent in February, the biggest gain since October 2013, helped by strong corporate earnings and a Federal Reserve that seems to have Wall Street's back at every turn.
Can oil refiner Calumet keep dividend gushing?
The decline in the stock price has pushed the dividend yield ever-higher, with Calumet now boasting the 18th-largest yield among the more than 3,000 companies that trade on NASDAQ.
Emerging growth markets tempt Hoosier companies
Consumption in emerging markets across the globe is growing fast, according to Chase Bank. Executives of several Indiana firms share their successes and mistakes when establishing operations outside the U.S.
Sky’s the limit on bank’s aircraft finance business
1st Source is among few Indiana-based institutions to deal in jet financing.
Banks gathering all their clients’ eggs into one basket
Banks and credit unions facing more competition from online lenders—and now even from big-box stores offering financial products—are working harder to get a bigger piece of a customer’s wallet over the long haul.
First Financial changes local leadership as it expands
A former Old National executive is taking the reins in the Indianapolis market, and the Cincinnati-based bank’s state operations chief has moved to Carmel to get a better on-the-ground perspective of the growth market.
Lender with unique niche broadening its ambitions
Oak Street Funding, a Carmel firm that lends exclusively to insurance agencies/brokers, plans to diversify this summer, with its first loans to registered investment advisers.
Smarter Remarketer lands $7M in venture capital
The funding round was led by an investment firm that threw its weight behind Indy-based ExactTarget and Angie’s List before they went public. The software developer plans to double its workforce in the next 12 to 18 months.
Ex-Chase chief to lead state banking agency
Denny Bassett’s appointment to the department that regulates state banks comes just a few months after his retirement as Indiana chairman of JPMorgan Chase & Co.
Symbol of Durham’s opulence heading for a sheriff’s sale
Tim Durham’s 10,700-square-foot Geist home has languished on the market for years with an asking price of $5.5 million.
Auto industry strength boosts Indiana’s outlook
Economists at BMO Harris Bank are projecting “above average” growth for Indiana this year, citing a stronger auto sector and a healthier housing outlook.
Savings account rates in Indiana among lowest in nation
The study by GoBankingRates.com finds that the average return on savings at Indiana banks is 0.056 percent. However, the average for Indianapolis-area banks was considerably higher.