Lender suffers own painful loss after homeowner’s death
A home that fetched $1.6 million in 2005 fetched a mere $370,000 when the lender sold it last year.
Banking & Finance
Articles
SKARBECK: Finding one last lesson in Grace’s amazing tale
Grace held her investment through many ups and downs in the stock market. But most important to her was that Abbott as a
business continued to thrive, despite the swings in its stock price.
Struggling firms stash away losses to cut future taxes
Conseco expects its write-offs will be worth more than $800 million over the next 20 years.
Centaur’s junior lenders press for bankruptcy liquidation
Unsatisfied with the Hoosier Park owner’s reorganization plan, hedge funds represented by Wells Fargo Bank petition for conversion
of Chapter 11 bankruptcy into Chapter 7.
Fair Finance trustee sues Dan Laikin for $19M
The suit against Laikin, a longtime friend of Fair Finance CEO Tim Durham, is the first major legal move to untangle the morass
of related-party loans that propelled the company into insolvency.
AIG’s American General unit said to be seeking $3B term loan
Bank of America Corp. is arranging a five-year loan that will be sold at a discount of 98 cents to 98.5 cents on the dollar,
according to a source who declined to be identified because the discussions are private.
Pew study questions health of Indiana’s public pensions
The Washington, D.C.-based Pew Center on the States says Indiana “needs improvement” in setting aside money for
retirees’ future health care and other benefits.
Path to Fair Finance funds full of detours, roadblocks
The troubles at U.S. Rubber Reclaiming demonstrate the challenges a bankruptcy trustee faces in trying to recover money for
investors.
HAUKE: There’s little down side to investing Down Under
The country started off as a dump for prisoners and other unwanted British citizens, but it has evolved into a modern-day
paradise.
Four charged with income tax fraud
A business owner and three people allegedly involved in a large mortgage fraud scheme face prison sentences for failing to
report income or file certain tax forms.
Some up-and-coming angel investors
Dozens of people in the Indianapolis area have the potential and the interest to become angel investors in the next few years.
Indianapolis set for next wave of angel investors
A wave of up-and-coming angel investors in the Indianapolis area are quietly accumulating the expertise and thick wallets
necessary to back startups that are at once risky and rich with potential for lucrative returns.
SKARBECK: How Grace stayed patient under pressure to sell
When we left, we were trying to imagine a few of the many obstacles Grace might have encountered as her initial investment grew into $7 million over 74 years.
Small-biz lending on the rise
Federal loan programs that help fund company expansions are seeing more activity from program administrators in Indianapolis.
Answer to Murat’s naming-rights fight likely to be found in lease
The Murat Temple Association, a Shriners affiliate that owns the iconic building, is suing Live Nation and Old National Bank
over a naming-rights deal announced March 16.
Shriners sue Live Nation, Old National over Murat renaming
The Murat Temple Association is a Shriners affiiate that owns the Murat Centre, which on March 16 was renamed the “Old National
Centre” in a three-year deal between the bank and Live Nation.
HAUKE: As a rule, market doesn’t reflect today’s bad news
Until a bull market reaches its last stages (the final three to 12 months), there is a general lack of belief that the market
can go higher.
Former Thomson plant back in bankruptcy
A Bloomington investor bought the sprawling complex out of receivership in 2008, and had hoped
to spend more than $20 million to renovate it.
Entrepreneurs lose clout as VC funds get stingier
Most local venture funds are standing pat because the economy is weak and they’re no longer
in fund-raising mode. Having invested most of their funds, the firms have shifted to the nurturing, or “harvesting”
stage, to try to improve investment returns.
Fair Finance co-owner charged with domestic battery
The embattled businessman was booked into the Hamilton County Jail following an incident Saturday morning at his Geist Reservoir
home.