PNC economists think local recovery will take hold
Second-quarter forecast for Indianapolis is positive in spite of Lilly, small business concerns.
Banking & Finance
Articles
Fishers building owner seeks bankruptcy reorganization
Lantern Partners LLC owns the Freedom Mortgage Building once occupied by the failed Irwin Mortgage Corp. Lantern’s largest creditor is owed nearly $11.4 million.
Indiana official warns against new investment tool
Indiana's secretary of state is urging investors to thoroughly vet new online investment operations coming under a new federal law.
Lawsuit takes on debt-modification firm
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.
Indiana struggling to distribute foreclosure aid funds
The $182 million awarded to the state by the federal government was based on the unemployment rate, which is falling.
BKD selects Dickman as managing partner
The head of the national accounting firm’s Indianapolis office will lead the entire company effective June 1.
Not-for-profit hoping to grow microloan program
Small amounts of funding often ignored by larger banks.
Pacers owner teams with Smulyan to buy Emmis stock
A partnership of Herb Simon and Jeff Smulyan filed plans to buy up to an additional 1 million shares of Emmis Communications Corp. at no more than $2 apiece.
South-side medical office building in foreclosure
Munster-based Citizens Financial Bank claims the owner of the building at 1340 E. County Line Road owes $4.1 million on a loan originating from 2002 and is seeking to have a court-appointed receiver manage the building’s operations.
Dan Laikin spurred probe of Tim Durham, filings reveal
The FBI had been investigating Tim Durham since March 2009, when his friend Dan Laikin, a Fair Finance board member, offered up incriminating information on the Indianapolis financier in hopes of securing a lighter sentence for himself in an unrelated case.
Greenwood sues bank to collect $917,000 letter of credit
The City of Greenwood says a Minnesota bank owes it more than $900,000 to pay for street and sewer improvements left undone by the bankrupt developer of a mobile home park along U.S. 31.
Indiana issues call for external audit of tax agency
Indiana budget leaders are looking for an external auditor to review the state Department of Revenue after workers discovered $526 million in errors in recent months.
REED: Conditions for bank mergers thaw following long winter
A few Indiana banks enjoy prices in excess of 150 percent of book.
First Merchants has sights set on metro area growth
Boone, Hancock counties on the Muncie-based bank’s radar.
At 92, Danielson’s banking career is still going
City Securities co-chairman still dispenses wisdom accumulated over a career touching on everything from baseball to folding doors.
Emmis shares again escape NASDAQ delisting
The NASDAQ exchange notified the Indianapolis-based company on Tuesday that its stock avoided delisting after shares traded above $1 for 10 consecutive trading days. Emmis has been in danger of losing its NASDAQ status for several years.
Angie’s List prices shares at $13 for stock offering
The Indianapolis-based company said it plans to sell 8.4 million shares, most of them held by current stockholders.
Feds say wiretaps show evidence of financial plot
A federal judge in Indianapolis refused to throw out wiretap evidence in the $200 million fraud trial of former Indiana businessman Tim Durham as the government outlined a case largely based on those recordings.
Indiana slips in life sciences funding
Indiana has taken “a giant step backward” in the availability of early-stage capital for life sciences companies, according to the Indiana Health Industry Forum—which also has a few ideas on how to reverse those developments.
JPMorgan Chase takes fire for ‘hedge,’ $2 billion loss
More than three years after the financial industry almost collapsed, the colossal misfire has been cited as proof that big banks still do not understand the threats posed by their own speculation.