First Internet Bank suffers first loss since 2000
Problem loans led to a $2.1 million loss for the Web-based financial company in 2009.
Banking & Finance
Articles
Judge halts dissolution of struggling Durham firm
A judge has blocked Tim Durham and other directors of Dallas-based CLST Holdings Inc. from dissolving the struggling company
at the close of business Friday. Its largest shareholder hopes to place dissident candidates on the board.
Lawmakers probe banks’ lending to small businesses
U.S. House legislators want to get to the bottom of banks' roles in the economic recovery, both via loans to small businesses
and shouldering losses on commercial real estate lending.
Biden to announce retirement savings safeguards
The Obama administration on Friday is proposing regulations aimed at protecting workers' retirement savings.
Chinese investors financing startup, early stage companies
Indiana entrepreneurs weary of hitting dry holes with angel investors and venture capitalists are turning to Chinese investors
who are eager to diversify their portfolios, latch onto American innovations—and take advantage of a federal visa program.
Bankruptcy trustee for Fair Finance wades into morass of insider loans
Brian Bash will need to untangle a web of related-party transactions that have befuddled nearly everyone who has tried to make sense of them.
HAUKE: Letter to David Simon: Be careful with General
Simon is at a crossroads where many other CEOs have found themselves, with most of them getting caught up in the circus, only to find destruction in their wake.
HICKS: Cash-strapped cities paying for prior choices
We are making budget cuts today that could well have been slowly phased-in for a generation. What are the implications?
Perils of non-family managers
A former Toyota exec blasts non-family managers for the company’s problems. Are some Indianapolis-area companies better-
or worse-off after families relinquished control?
White River Capital sees jump in quarterly profit
White River Capital’s profit rose in the fourth quarter, due largely to a strong performance by its main subsidiary, Coastal Credit LLC.
Judge places Fair Finance into bankruptcy
A federal trustee will take control of the company’s assets while securities-fraud probes continue.
SKARBECK: Economic Greek tragedy could play out globally
Fears that Greece may default on its government debt have kept global markets on edge.
Contorting bank regulators
A long-time bank observer says regulators are twisting into pretzels to avoid taking over Indiana institutions.
Local investment firm sold
Indianapolis-based Redwood Investment Advisers Ltd. has been purchased by a firm in Portland, Ore. Redwood, whose clients
include physicians and physician groups, has $350 million in assets under management.
Judge weighing request to unseal Fair Finance records
A federal judge is weighing whether to unseal search-warrant documents related to the federal investigation of businessman
Tim Durham and Akron, Ohio-based Fair Finance Co. following a hearing Thursday in Youngstown, Ohio.
Banks suing Broadbent, pushing one strip center into bankruptcy
Locally based Broadbent Co.’s legal battles with lenders have escalated, pushing one of its 34 strip malls into bankruptcy
and prompting Huntington National Bank and PNC Bank to sue to collect principal owed on loans tied to four more.
Startup VoCare Inc. might move to find venture capital dollars
A Lebanon-based startup wants to build a call center here and add up to 300 jobs, but state and local officials are struggling
with a big obstacle to keeping the company here.
Fair Finance going along with appointment of receiver
Attorneys for the company and its parent firm denied any fraud occurred but said receivership nonetheless made sense.
Durham-backed firm to halt trading, dissolve
Dallas-based CLST Holdings Inc. has struggled, and its shares trade for a mere 9 cents apiece.
Fair Finance investors force company into bankruptcy
Investors in Tim Durham’s Fair Finance Co. shoved the company into bankruptcy court Monday morning, a move intended
to reduce the risk assets will disappear while securities fraud probes continue.