IndyMac Bank

Banks Earn $7.6 Billion in First Quarter After Record Loss in Fourth Quarter

AP| Politics

… second-largest hit since the financial crisis began. The costliest was the July 2008 seizure of California lender IndyMac Bank , on which the insurance fund is estimated to have lost $10.7 billion. The largest U.S. bank failure ever also …

Story|05/27/2009

Analysis: Giant Teleprompter Telegraphs Obama Caution

AP| Politics

… the proposal would work. Pressed again, Obama cited the Federal Deposit Insurance Corporation's handling of the IndyMac Bank as an example of government properly using its authority. The government did something right? That's news to most …

Story|03/25/2009

Analysis: Teleprompter telegraphs Obama caution

By RON FOURNIER| AP| Politics

… the proposal would work. Pressed again, Obama cited the Federal Deposit Insurance Corporation's handling of the IndyMac Bank as an example of government properly using its authority. The government did something right? That's news to most …

Story|03/24/2009

Feds shut banks in Georgia, Colorado, Kansas

By MARCY GORDON| AP| Business

… year follow 25 failures in 2008, which included two of the biggest savings and loans, Washington Mutual Inc. and IndyMac Bank . Last year's total was more than in the previous five years combined and up from only three failures in 2007. The …

Story|03/20/2009

AIG disclosures fuel calls for more transparency

By DANIEL WAGNER| AP| Business

… said banks fear losing clients as they absorb waves of political criticism. Regulators said that's what happened to IndyMac Bank in July, when Sen. Chuck Schumer, D-N.Y., warned them publicly that the bank was on the brink of failure …

Story|03/17/2009

FDIC's Bair agrees to trim new bank fees

By MARCY GORDON| AP| Business

… this year, following 25 in 2008 _ which included two of the biggest savings and loans, Washington Mutual Inc. and IndyMac Bank . The new emergency premium approved last week, plus an increase in regular insurance fees for banks, was intended …

Story|03/06/2009

Regulators shut bank in Ga.; 17 failures this year

By MARCY GORDON| AP| Business

… year follow 25 failures in 2008, which included two of the biggest savings and loans, Washington Mutual Inc. and IndyMac Bank . Last year's total was more than in the previous five years combined and up from only three failures in 2007. The …

Story|03/06/2009

FDIC's Bair warns on bank deposit insurance fund

By MARCY GORDON| AP| Business

… this year, following 25 in 2008 _ which included two of the biggest savings and loans, Washington Mutual Inc. and IndyMac Bank . The new insurance fees are meant to raise $27 billion this year to replenish the fund. Bair said the plan protects …

Story|03/04/2009

US banks post first quarterly loss since 1990

By MARCY GORDON| AP| Business

… thrifts, and some lawmakers have raised concerns about the OTS' oversight of the industry. Pasadena, Calif.-based IndyMac Bank collapsed in July and cost the federal deposit insurance fund $10.7 billion and Seattle-based Washington Mutual …

Story|02/26/2009

U.S. Banks Post First Quarterly Loss in 18 Years

FOXNews.com| Politics

… thrifts, and some lawmakers have raised concerns about the OTS' oversight of the industry. Pasadena, Calif.-based IndyMac Bank collapsed in July and cost the federal deposit insurance fund nearly $9 billion, and Seattle-based Washington Mutual …

Story|02/26/2009