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FDIC Hunts for IndyMac Buyer

Feds want to see it as a whole; see more small banks failing in future

By Dustin Lushing, Newser Staff

Posted Jul 14, 2008 2:40 PM CDT

(Newser) – The Federal Deposit Insurance Corporation is looking to sell recently capsized IndyMac as a whole to one healthy bank, an executive told Reuters today. The FDIC took over IndyMac on Friday after nervous customers withdrew more than $1.3B in 11 days. "I don't... Read full story »

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FDIC Hunts for IndyMac Buyer

Feds want to see it as a whole; see more small banks failing in future

money • IndyMac • FDIC • subprime crisis • banks • John Bovenzi

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More Newser Stories

Wreck of IndyMac Sold for $13.9B

Soros, Dell among the players in FDIC's damaged-goods sale

FDIC Plan Tests Strategies for Keeping People in Homes

Systematic reworking faces typical hurdles

Failed FDIC-Run Bank Added Fuel to Subprime Fire

Feds seized Ill.-based Superior in 2001, but it continued to write, sell off bad loans

Feds Seize Failed IndyMac Bank

Senator's comments led to takeover, regulator says

Bank Failures Far From Over

Failures down in 2011, but weak banks are taking longer to recover or die

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