Financial crisis yields opportunity for local banks
A national study finds that many community banks continue to prosper.
Banking & Finance
Articles
Medical, tech entrepreneurs launch matchmaking effort in life sciences
Three entrepreneurs from the medical and software realms are herding angels to invest in upstart life sciences companies in
Indiana.
Investment losses leave Conseco searching for $400M in horrible environment to raise capital
Without fresh capital â?? or loosened debt obligations â?? Carmel-based Conseco could find itself in bankruptcy or looking
for a buyer or both.
Market signs finally better, but don’t get too excited
I don’t think this bear can last another 17 months, because if it did, it would have a longer life than the greatest bear
market in our history.
529 Plans remain solid vehicle
Indiana’s CollegeChoice 529 Plans offer a number of great investment options to save for children’s college costs.
Durham insider deal sparks outcry
Tim Durham is facing allegations of self-dealing after a publicly traded company he helps run in Dallas acquired assets from
a finance company he owns in Ohio.
Struggling contractors hope for sale of factory
Contractors struggling under the weight of an unfinished factory in Tipton are hoping for a quick sale to recover at least
some of the $44 million they say they’re owed by Getrag Transmission Manufacturing.
Venture capital fund launched by up-and-comers buys into Vontoo, Compendium Blogware
Several venture capitalists — a generation younger than most in the profession — are establishing themselves in Indianapolis.
Look beyond emotions when investing
As Ben Graham said in his Mr. Market allegory: “The market is there to serve you, not guide you.”
Pension merger raises questions
We’re generally supportive of a plan to merge the state’s two largest public pensions in an effort to save money, but it’s
hard to know exactly what to think considering the lack of detailed information available about the performance of the funds.
PERF confusion
I am not at all sure that a merger of two public pension plans is not a good idea, possibly just not under current investment management auspices.
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.
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.