The Federal Deposit Insurance Corp. on Monday agreed to sell IndyMac, a failed bank it took over last July, to a group of sharp Wall Street operators....
AP | ALAN ZIBEL | Posted 02.02.2009 | Business
WASHINGTON — A seven-member group of investors has teamed up to buy the remnants of failed lender IndyMac Bank, a symbol of the housing boom and...
Mark Winston Griffith | Posted 12.22.2008 | Business
This entry is cross-posted on the DMI blog There used to be time when the idea of a national moratorium on foreclosures was largely seen as an imprac...
Tony Ressler | Posted 07.24.2008 | Business
People used too much debt to buy things at the wrong time in the economic cycle and lenders have been too lax in their lending standards. This has all changed because it should -- in short, risk has been repriced.
Los Angeles Times | Andrea Chang and Andrew Blankenstein | Posted 07.23.2008 | Business
Los Angeles police were dispatched to IndyMac Bank branches in Encino and Northridge this morning when customers waiting to withdraw money became irat...
New York Times | Louise Story | Posted 07.21.2008 | Business
As home prices continue to decline and loan defaults mount, federal regulators are bracing for dozens of American banks to fail over the next year. B...
AP | ALEX VEIGA | Posted 07.19.2008 | Business
LOS ANGELES — IndyMac Bank's assets were seized by federal regulators on Friday after the mortgage lender succumbed to the pressures of tighter ...
Newsweek | Daniel Gross | Posted 02.07.2009 | Business