Business bank reports first-quarter loss
Indiana Business Bancorp lost $519,043 in the first quarter compared with a profit of $32,252 during the same period a year
ago.
Banking & Finance
Articles
Congress aims to put some discipline in lending
Congress is getting tougher on both borrowers and lenders blamed for inflating a housing bubble that, when it popped, plunged
the nation into a severe recession two years ago.
HAUKE: Uncertain conditions create opportunities
U.S. markets look like they have at least one more rally on the way at some point in the next few months.
Soft Landing: Pay slipped for most execs in 2009, but cuts weren’t deep
Top executives at Indiana's public companies have largely been insulated from the economic crash. IBJ's
review of executive pay found that, although 131 of the 238 executives listed in proxy statements the past two years saw annual
compensation fall in 2009, only 10 experienced cuts of more than $1 million.
New Indiana law aims to promote safety of traditional loans
A new state program is encouraging lenders to promote the stability of their conventional mortgages to help Indiana's
housing market rebound from a foreclosure crisis instigated by risky loans.
KULT: Mortgage loan officers punch the clock under new rule
The government now views loan officers more like factory workers than white-collar business managers.
New collateral rules for Indiana deposits may favor big banks
New state rules designed to protect government cash from bank failures might have an unintended consequence: helping the biggest
banks and hurting the smallest.
SKARBECK: Exchanges’ proposed fix for glitch is ludicrous
Is investing becoming a technology-rigged game for computerized gamblers who rent stocks for seconds or minutes and whose objective is to repeatedly skim small profits?
PROXY CORNER: First Merchants Corp.
First Merchants Corp. is a bank holding company that operates offices in Indiana and Ohio. For the year ended Dec. 31, 2009,
the company reported a net loss of $45.7 million, or $2.17 per diluted share, on $281.6 million in revenue.
Stocks surge on effort to ease Europe debt crunch
The Dow Jones industrial average increased more than 400 points in early-Monday trading. Locally, Kite Realty and Conseco shares saw big jumps.
HICKS: Fear, not economics, drives immigration debate
Mexico is in the throes of a violent lawlessness that is spilling over into the United States. Dealing with this is neither
racist nor unconstitutional.
Stocks plunge on concerns about Greece’s debt
Stocks plunged Thursday as investors succumbed to fears that Greece's debt problems would halt the global economic recovery.
The Dow Jones industrials slid almost 1,000 points before recovering to close down 347.
Lender wants Hansen & Horn receivership terminated
Salin Bank argues that it wants to "control its own destiny" by selling 49 lots the homebuilder defaulted on rather
than have court-appointed receiver coordinate the sale.
Report: Examiners failed to curb risky lending at Irwin Union
The now-defunct Irwin Union Bank and Trust almost tripled in size from 2000 to 2005 as it extended credit to subprime mortgage
borrowers with insufficient collateral.
Sale of Memory Gardens restores $20M in trust funds
Acquisition by Indianapolis-based funeral home and cemetery business by Pennsylvania-based company will preserve funds depleted
by former owner.
SKARBECK: Diversifying not sure fix for Lilly Endowment woes
Lilly Endowment has been a substantial Lilly stockholder for 73 years, so to focus on the past decade is a mistake.
HICKS: How competition sped up broadband adoption
Our study found that simply permitting deregulation of cable TV caused a pleasing increase in broadband adoption.
State finalizes auction-rate securities settlements
Twelve investment firms agree to repurchase auction rate securities from Indiana clients for a total of over $370 million
and
to pay fines totaling more than $3.5 million.
Emmis finds loophole for board on Smulyan buyout
State law normally requires board approval for buyouts. But the language cited in the letter of intent provides an exception
for conflicts of interest or special circumstances.
First Internet Bank profitable in first quarter
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.