Mysterious $14M Verizon payable looms over Durham firm
CLST Holdings founder Al Goldfield says the company hid a $14 million debt to Verizon Communications Inc. in the years after
he left.
Banking & Finance
Articles
Indiana Legislature approves mortgage certification program
Rating system will help homebuyers avoid the risks of borrowing.
Old National name to adorn Murat for three years
The century-old Murat Centre will be named the Old National Centre for the next three years. Event promoter Live Nation on
Tuesday put the new name in royal blue lettering above the marquee of the entertainment venue downtown.
Custom builders, banks convene to discuss lending environment
The Builders Association of Greater Indianapolis is trying to jump-start new home construction by convening a forum on how
builders can adapt to banks’ stricter lending requirements.
Old National Bank puts name on Murat Centre
The voice-mail system at the Murat already greets callers with this message: You have reached the Old National Center, a Live
Nation venue.
Schrenker: ‘Data’ show he tried to fake own death
A former Fishers money manager facing fraud charges acknowledges in a newspaper interview that evidence indicates he was trying
to
fake his own death when he parachuted from his private plane that later crashed in a Florida swamp.
Banking reforms may bite weakest institutions
Indiana banks soon might have to pay the state as much as $300 million in new fees for deposit insurance at a time the industry
is experiencing its deepest woes in decades.
Many banks cutting dividends to merely a penny
Banks used to take pride in having long records of increasing dividends. Now, about all most can say is they still pay one.
HAUKE: Greece should own up to its spending habits
I normally don’t expect complete child-like behavior from heads of state, but every political leader in Europe has been
acting like a little kid trying to run away from the broken window.
HICKS: Recession slows with costly job creation
While economists share broad agreement on a surprisingly large number of issues, the most visible discord lies in how two
groups view the causes of recession.
Indianapolis Housing Agency pulls off big tax credit deal
City agency plans renovations, expansions at eight apartment properties.
Hoosier entrepreneurs make magazine’s billionaires list
Bill Cook, Dean White, Jim Irsay and Herb Simon have made Forbes magazine’s annual list of the richest people
in the world.
REED: Imprudence, bad economy will claim several Indiana banks
Banks are in trouble. Most are suffering at least a little, and many will not survive. That includes Indiana banks.
Community banks face fight of their lives against big players
Small, community banks will bet on their strength in customer service, and large banks will offer business customers lower
costs.
Huge tax-credit deal will fund rehab of 538 apartment units
The largest tax credit deal in state history will fund the rehabilitation of 538 apartments in four complexes owned
by the Indianapolis Housing Agency.
Simon Property CEO uses hard-nosed style to excel at acquisitions
David Simon, the shrewd and blunt deal-maker—an acquisitive former Wall Street wunderkind who transformed Simon Property
Group Inc. into the nation’s largest mall owner—is trying to land his biggest deal yet.
SKARBECK: Financial reform should start with derivatives
At the very least, regulators need to get control of derivative trading—transactions need to be more transparent and carried
out on an exchange.
Fair Finance trustee to make life tough for people on loan list
Borrowers from Tim Durham's bankrupt finance company will face heavy-handed collection tactics.
Barron’s magazine names state’s best financial advisers
The majority
of the top advisers work for Merrill Lynch, and all but two live in Indianapolis.
PNC-National City conversion ahead of schedule
The PNC Financial Services Group said Monday it has brought in 2.8 million former National City Bank customers and converted
560 branches since a $5.6 billion buyout less than two years ago. Branches in Indiana are set to switch over in June.