Lenders must pass the test by July 1, or their licenses will be revoked. So far, just 58 percent of more than 1,000 in the
state
have passed.
The financial underpinnings for the current quarterly dividend—45.5 cents per share—seem less than sturdy.
for decades, politicians have regularly boosted public pension benefits to score election gains, while neglecting the long-term costs to municipal budgets. Now the bills are coming due.
One major part of the legislation will target derivatives. This is an arena where the financial services industry does itself
no good from a public relations sense.
Pittsburgh-based bank starts converting former National City operations in central Indiana to its brand this weekend. But
any snags could create
opportunities for competitors to pounce on customers.
J. Irwin Miller’s two sons have been battling for years over who should have paid expenses on the wealthy Columbus family’s
homes and businesses, but their fight isn’t about the money—especially after they inherited at least $20 million
apiece.
The parent of locally based lithium-ion battery maker EnerDel is putting together hundreds of millions of dollars in financing
to fund a business plan that could bring revenue to nearly $1 billion within five years.
Here are the facts. Summer doesn’t turn into winter without going through fall. The same is true with the transition between
bull and bear markets.
Suppose we lived in a perfectly flat world that is a vast, featureless plain of identical square counties.
Indiana’s oldest and largest investment banking firm expects its revenue to increase 20 percent to 25 percent this year.
Having invested in 10 companies since 2005 and with its $6 million pot of money running low, the Indiana Seed Fund is nearing
a crossroads.
Bangladesh-based Grameen Bank, the Nobel Peace Prize-winning financial institution that developed the concept of life-changing
micro loans for the poor, is contemplating opening its third U.S. branch in Indianapolis.
One crisis that continues to simmer under the public radar is the endless taxpayer support needed to prop up Fannie Mae and Freddie Mac.
Several Indiana companies are in a position, or soon will be, to launch an initial public offering. But don’t expect a wave
of new Indiana public companies. In the recession, with both revenue and profits down, companies may choose to wait until
they have better numbers to report.
Credit problems continue to bedevil banks big and small, many of them caused by soured commercial real estate loans.
The Dow Jones industrials plunged below 10,000 Tuesday as traders turned away from stocks amid worries about the global economy
and tensions between North and South Korea.
Indiana Business Bancorp lost $519,043 in the first quarter compared with a profit of $32,252 during the same period a year
ago.
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.
U.S. markets look like they have at least one more rally on the way at some point in the next few months.
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.
