IndyMac Bancorp News

In January, when the Federal Deposit Insurance Corp. announced it had sold IndyMac Bancorp to a group of buyout firms, it looked like it could be the start of something big.

GMAC Inc., the lender that received two U.S. bailouts, has attracted $2.9 billion of new deposits and riled its rivals by offering the highest interest rates and running advertisements that portray bankers as deceptive.

GMAC Inc., the lender that received two U.S. bailouts, has attracted $2.9 billion of new deposits and riled its rivals by offering the highest interest rates and running advertisements that portray bankers as deceptive.

ECHO PARK : Anyone who lives in Echo Park knows about the stallage of The Durbin, developer Angeles Group's townhome project at 1631 N. Echo Park Avenue.

C sells Portuguese card business to Barclays . WAG meets with Q4 results. MSHL says NV-128 mTOR inhibitor shows good safety profile.

Tribune file photo New Frontier Bank, the largest lender in northern Colorado, had a lot to be proud of in early 2007.

CIT Group Inc. shares jumped 13% Tuesday after a report that the struggling lender could merge with IndyMac Federal Bank.

FIRST things first: The mortgage-banking crisis that nearly sunk our economy was not merely a function of lack of government oversight.

The Federal Deposit Insurance Corp. failed to take aggressive action when IndyMac Bank began to unravel under the weight of its failed loans, a newly released report says.

Nick Illich, no stranger to bad news, might be on the verge of getting some good news regarding the hugely troubled mortgage on his Mayfair home.

It was all news to Socher, who was there to make a deposit. "I feel sad that another bank failed," she said.

Life has not been kind to Nicholas and Kathleen Illich of Mayfair. Nick, 58, had a stroke a few years back and cannot work.

The Federal Deposit Insurance Corp. approved guidelines for private-equity firms to buy failed banks, opening a growing pool of failing lenders to new buyers and limiting costs to the agency and the industry.

The Sherman Oaks, Calif.-based company added it will open new branches in the Chicago area and in Wisconsin and northwest Indiana.

The Pension Benefit Guaranty Corporation has taken control of the defined benefit pension plan of IndyMac Bank , P&I report.

Wall Street's biggest banks may be roaring back to life, but trouble still lurks in corners of the financial industry that remain plagued by a legacy of bad investments.

Published: Saturday, August 15, 2009 at 6:30 a.m. Last Modified: Saturday, August 15, 2009 at 5:14 a.m. Wall Street's biggest banks may be roaring back to life, but trouble still lurks in corners of the financial industry that remain plagued by a legacy of bad investments.

The long lines snaking down the streets outside of IndyMac Bancorp's California branches last summer were the stuff of every FDIC chairman's nightmares.

Wyoming state Treasurer Joseph B. Meyer and the $4.7 billion Wyoming Retirement System, Cheyenne, filed a class-action lawsuit against former executives and institutions associated with mortgage-backed securities sold by the failed savings and loan IndyMac.

Hundreds of worried IndyMac Bancorp Inc. customers descended on the company's branches on Monday to withdraw their money, after regulators seized what was once one of the largest mortgage lenders in the United States.