Banks shuffle downtown Indy locations
Centier Bank intends to fill the downtown office space to be vacated by First Financial Bank, which recently opened elsewhere downtown.
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Cities, towns see historic savings on bond refinancings
Municipalities rush to refinance while rates linger near rock bottom, and before an anticipated increase by the Federal Reserve Bank.
Moody’s downgrades Chicago credit rating to junk bond status
Moody's Investors Service announced Tuesday it has lowered Chicago’s credit rating to junk bond status, citing unfunded pension obligations and lagging tax revenue.
Fair Finance trustee reaches $35M settlement with lender
The bankruptcy trustee had accused Fortress Credit Corp. of turning a blind eye to Tim Durham's Ponzi scheme because it was making millions of dollars and held first liens on the only company assets with real value.
Business, philanthropy leader Danielson dies at 95
Donald “Danny” C. Danielson, named a Living Legend last year for his lifelong contributions to business, education and philanthropy in Indiana, died Thursday morning in his New Castle home at age 95.
Stonegate Mortgage quarterly results top expectations
Stonegate Mortgage Corp. reported quarterly earnings that exceeded analyst expectations Wednesday, but its revenue fell well short of predictions.
Former Center Township CFO gets 18 months for theft
U.S. District Judge Sarah Evans Baker has sentenced former Center Township CFO Alan Mizen to 18 months in prison for stealing more than $340,000 in public funds.
Bank headquarters slated for new $25M Carmel Midtown project
Merchants Bank of Indiana plans to move its corporate headquarters into a 100,000-square-foot building to be constructed in Carmel’s Midtown development. The $25 million project also will contain a multi-vendor retail operation.
Hauke fraud victims set to get one-third of their money back
Investors will receive about $3.2 million of the $9.7 million they lost in a fraud perpetrated by Keenan Hauke, a former Fishers hedge fund manager. He’s in prison after admitting to hiding massive losses by creating fake account statements.
First Internet Bancorp reports record quarterly profit
It was the fourth straight quarter of earnings growth for First Internet, which passed the $1 billion mark in assets during the quarter.
Local financial firm charged in $15M Ponzi scheme
The Securities and Exchange Commission has filed a federal lawsuit against Indianapolis-based financial planning firm Veros Partners Inc., alleging it defrauded 80 investors of $15 million in 2013 and 2014.
PROXY CORNER: First Internet Bancorp
Indianapolis-based First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana.
Report: Hoosier firms raised $17.5M in VC for first quarter
The investment was in line with comparable quarters in recent years, but there’s evidence that at least one significant deal didn’t make the list.
Irrepressible Biglari runs a meeting like no one else
Sardar Biglari fielded questions from shareholders until they ran out of things to ask. He talked about the smallest details of the company’s businesses, from the way Steak n Shake makes its milkshakes to the number of ad pages its men’s magazine, Maxim, sells.
Activists fell 270,000 votes short of snaring Biglari board seat
The parent of Steak n Shake has disclosed the vote tally from the April 9 annual meeting, where all six incumbents won re-election.
Carmel financial adviser facing fraud charges
A Carmel financial adviser has been indicted by a federal grand jury on 66 criminal counts, including wire fraud, money laundering and securities fraud, the United States Attorney's office announced Wednesday.
Former Chamber chief tapped to run Elevate Ventures
Christopher LaMothe, who led the Indiana Chamber of Commerce as president from 1992 to 2002, has been named CEO of Elevate Ventures, a not-for-profit investment group that runs the Indiana Angel Network Fund.
Indiana maintains top rating from credit agencies
Standard & Poor’s on Tuesday applauded the state for its fiscal responsibility and said the proposed balanced budget amendment would “strengthen Indiana’s government framework.”
Brokers handling IRAs face tougher rules under federal plan
Brokers and insurance agents providing retirement-savings advice would have to put clients’ interests ahead of their own under a plan that will face stiff opposition from Wall Street and Republican lawmakers.
Attorney General says Ball State is not alone in ID theft
The 140 faculty and staff at Ball State make up just a portion of victims of such attacks targeting university employees across the country.