Key taps veteran Indy banker to oversee 3-state region
KeyCorp said Leo G. “Skip” Watson will be its regional sales executive for the Great Lakes, overseeing operations in Indiana, Ohio and Michigan.
Banking & Finance
Articles
After attack from Christ Church, JPMorgan fires back
JPMorgan Chase argues it did a "solid" job managing trust accounts endowed by Eli Lilly Jr. The banking giant says the church's lawsuit cherry-picks facts and paints a "grossly inaccurate picture."
Simon CEO’s bonus reversal still triggers investor suit
Seeking to avoid investor litigation, Simon Property this year eliminated a $120 million stock award to CEO David Simon in favor of a performance-based bonus. A retirement fund isn’t satisfied.
New rules adopted in hopes of spurring home loans
With the financial crisis and subprime mortgage bust receding further into history, the government is loosening some financial rules, hoping to inject more life into the country's still-recovering housing market.
Fishers tech startup lands $1 million in seed capital
A Fishers-based tech startup in the home-services industry said Tuesday that it has raised $1.03 million in venture capital, including seed funding from a pair of well-known Indiana investment groups.
Ball State assumes $12.6 million loss in fraud
The chairman of the Ball State University board of trustees has told the State Budget Committee the school is operating under the assumption it won't be able to recover $12.6 million in fraudulent investments.
Hiring surges at Carmel financial-services firm
Allied Solutions LLC said it is looking to fill 60 jobs this year and potentially more next year as it extends a growth streak.
Market shares of Indianapolis-area banks
See how the 25 largest banks operating in the Indianapolis area stack up according to their local assets.
Rankings of Indianapolis-area banks
After seemingly endless adversity, bankers anticipate brighter future. Look here to see how local institutions compare based on common measures.
MORALEZ: Hoosier angel investment needs further shots in arm
When I started my first company, Bio-Storage Technologies, back in 2002, raising angel capital was time-consuming and inefficient, and the results were mixed at best.
Cutillo ramrods entrepreneurship at Stonegate
Jim Cutillo, co-founder of the fast-growing mortgage company, pushes with military intensity.
Indiana cuts some public audits over shortages
The State Board of Accounts no longer is auditing the financial records of Indiana libraries, conservancy districts, some public school accounts, and small towns and townships, its leader says.
Local financial adviser sentenced to 10 years
Kevin James, charged in April with securities fraud, mail fraud and money laundering, also was ordered to pay more than $1.3 million in restitution by Judge Sarah Evans Barker.
The reality of Indiana’s corporate tax load
The age-old struggle over who pays taxes to support government is playing out in a legislative study committee before the 2015 General Assembly convenes, with Gov. Mike Pence saying he wants to simplify and cut taxes.
Tax revenue grows in downtown district
A new report from the Legislative Services Agency shows that a special taxing district downtown captured more than $16 million in state and local tax revenue.
JPMorgan breach heightens data-security doubts
New details on a cyberattack against JPMorgan Chase add to increasing doubts over the security of consumer data kept by lenders, retailers and others. The breach compromised customer information pertaining to roughly 76 million households and 7 million small businesses.
Supreme Court takes up housing bias case
The justices agreed Thursday to take up a case that challenges the theory that certain housing or lending practices can illegally harm minority groups, even when there is no proof of intent to discriminate.
Walker: Still a long way to go to control health care costs
Gains are needed on top of significant streamlining already in place.
Report: Angie’s List hires bankers to explore sale
The Financial Times said the Indianapolis consumer-review company already has had conversations with prospective buyers but "is not wedded to selling itself."
BKD gets bigger with Chicago, Dallas acquisitions
National accounting powerhouse BKD LLP, which has major operations in Indianapolis, is expanding its territory with two acquisitions announced this week.