Fearful companies are curtailing employee insurance, retirement perks
Experts worry that if unemployment worsens, even more companies could be forced to cut benefits, especially health insurance.
Banking & Finance
Articles
PNC plans return to ‘old-fashioned’ lending standards
PNC CEO James Rohr, 60, recently sat down with IBJ to discuss the merger between PNC
Financial Services Group Inc. and National City Corp., as well as the recession and PNC’s strategy.
Geist restaurateur buffeted by financial squalls
Henri and Shelley Najem, who own The Bella Vita restaurant in Geist, represent the scores of Indiana restaurant operators
feeling financial pressure, given the severe economic slump.
Indiana Public worker, teacher funds have lost $8B in 15 months
The state’s two biggest pension funds are poised to combine into one Indiana Public Retirement System, with a single executive
director and board.
Market, not bailouts, should stimulate refinancings
Markets, no matter how imperfect, not government programs, manage the economy.
Fast-growing appraisal firm evolves from subprime past
One of the largest independent survivors of the subprime debacle is staking its future on a real estate appraisal business based in Indianapolis.
Crackdown on bank pay pinches Hoosier execs
When Sen. Chris Dodd decided to wage war on corporate excess, he had Wall Street fat cats in his sights, not people like Bob Jones, the folksy CEO of Old National Corp. in Evansville.
With bear market raging, are stocks priced right?
Looking past all the bad news, a forward-thinking investor should be asking: Just how cheap are U.S. stocks?
Seasoned stock pros size up slump
Media pundits regularly call the current economic crisis the worst since the Great Depression. One of the few Indianapolis financial experts who’s actually qualified to make such a comparison is Donald C. “Danny” Danielson, the 89-year-old vice chairman of City Securities Corp.
Small Business Administration grants loans to Indy businesses
These businesses have received loans from financial institutions with a guarantee from the SBA.
A showy millionaire faces spate of lawsuits
A recent spate of lawsuits, filed by a who’s who of Indianapolis businessmen, exposes cracks in Tim Durham’s veneer of opulence.
Gold has been glittering next to other commodities
It may be that gold is now beginning to reassert itself into the role it was meant to play for manâ??the only true store of value we have ever known.
CIB could ask for $34 million in write-offs from Circle Centre investors to ease deficit
A group of mostly local companies that made big investments to help launch Circle Centre mall soon could be asked to write
off a portion of profits they agreed to redirect into the construction of Conseco Fieldhouse.
Startup NICO raises another $1.73M
Indianapolis-based medical-device startup NICO Corp. has raised $1.73 million from investors.
Corporate shareholders should demand more
Free marketers cringe at the thought of government interference, but the fact is that the taxpayer is now a significant shareholder in a number of financial businesses.
Credit crisis reverses student lender’s growth
ISM Loans is waiting to re-enter markets after halting its lending, changing its leadership and cutting 100 workers.
Study American financial history
Society must learn about the history of global markets in order to prevent further financial calamities.
Some female small-biz owners anticipate boost from changes by new administration
Some local women business owners are encouraged by the election of President Barack Obama and his appointment of a new chief at the Small Business Administration who is thought to be especially interested in the needs of women-owned businesses.
Credit crunch creates bond crisis for CIB
The Capital Improvement Board’s $43 million in debts must be settled soon, or the entity may not be able to survive.
‘Two Million Minutes’ begets India and China sequels
Angel investor Bob Compton has produced a pair of sequels to his 2007 documentary film "Two Million Minutes," which examined the differences between education in the United States, India and China.