Debt-collection executive Wolfe to plead guilty to fraud charges
Todd Wolfe’s Deca Financial Services LLC was forced into bankruptcy in 2014, and he was indicted on federal fraud charges the following year.
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UPDATE: Stonegate Mortgage to be acquired by Michigan firm for $211M
The deal would mark the end of Indianapolis-based Stonegate’s stint as a public company, which has largely disappointed investors since its IPO in 2013.
Lawmakers propose bill to expand venture capital tax credit
The bill would increase the cap on the amount of tax credits investors could claim, as well as make the credits useful for out-of-state investors.
Indiana tech IPOs becoming a rarity
Global forces are swaying tech companies to delay or forgo going public, and acquisitions seem poised to play a bigger role in the exit strategies of Hoosier tech firms.
Lawsuit alleges bank CEO trying to drive Dallas firm out of business
A Dallas mortgage company accuses Carmel banker Michael Petrie of launching a "delberate and vindicative campaign" to try to drive it out of business. But a separate lawsuit against the Dallas firm tells a different story.
Allure of IPO fades for fast-growing Hoosier firms
Candidates for initial public offerings are increasingly opting for mergers or private equity instead.
UPDATE: Dow Jones industrial average closes above 20,000 mark
Other major U.S. indexes also closed at all-time highs Wednesday.
Foreclosure suit alleges Mainscape affiliate owes more than $6M on loan
The 100,000-square-foot building on Keystone Avenue once served as the headquarters for the landscape firm Mainscape Inc.
First Internet Bancorp reports another record quarter
Fishers-based First Internet Bancorp on Thursday said it realized record earnings in the fourth quarter—the 10th time in 11 quarters it has seen rising earnings.
Indiana settles with securities firm over agent who ran Ponzi scheme
The state has settled with NYLife Securities LLC over the activities of an Indiana wealth manager with an extravagant lifestyle who killed himself while being investigated for operating a Ponzi scheme that took millions of dollars from dozens of investors.
Consumer agency accuses Navient of ‘systematically’ cheating borrowers
Navient Corp. has been sued by a U.S. regulator over allegations that the student loan giant failed to properly service private and federal loans. Navient has major operations in Indiana.
Indiana to get $12.7M from Moody’s ratings settlement
Moody’s Corp. has agreed to pay almost $864 million to resolve a multiyear U.S. investigation into credit ratings on subprime mortgage securities. Indiana is one of 21 states getting some of the settlement.
Reports on Indiana VC activity differ starkly
Last year, one research firm pegged Indiana’s 2015 venture capital activity at about $55 million. This year, another firm said it was about $157 million.
Indiana bank stocks surge on Trump prospects
Indiana-based banks have benefited from a post-election stock jolt hitting financial stocks across the country.
Bankruptcy trustee appears poised to sue former ITT brass
Deborah Caruso has launched a no-holds-barred inquiry into the defunct company's business practices and is seeking documents and depositions from the accounting firms that audited its books.
Indiana venture capital deal activity hits 16-year high
Hoosier companies signed 31 venture capital deals worth $77 million last year, a 16-year-high for deal activity that underscores Indiana’s growing variety of high growth firms.
FOCUS: Will Trump’s policies push markets higher?
Six experts talk about what the new administration, rising Fed rates, oil prices, Brexit and more mean for 2017.
SmarterHQ raises $13 million, eyes new markets
Marketing software maker SmarterHQ Inc. has raised $13 million to expand operations, marking one of the area’s largest venture capital hauls in recent years.
Ed-tech startup raises $1.25M from investors, including Simon family members
This is the second capital raise for ClearScholar, which runs an app for college students that aims to be a primary digital destination for school information.
Trump to pick deals lawyer Clayton to lead SEC
President-elect Donald Trump is expected to pick Sullivan & Cromwell partner Jay Clayton to run the Securities and Exchange Commission, positioning a top lawyer to banks and hedge funds to lead Wall Street’s main regulator.