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IndyMac news from FierceFinance
The U.S. Banking Collapse
From 2003 to 2007, there were 10 bank failures in the U.S. Already in 2008, 13 banks have failed, with the lowlight being the collapse of Washington Mutual on September 25--the biggest bank failure in American history. What other banks have failed this year? View the list
News
PE firms still eying traditional banks
There's been a lot of activity by private equity firms to buy up troubled banks as of late. IndyMac was only the beginning. While it's a rough road to ownership in the United States--the regulatory... Read more...
The U.S. Banking Collapse (page 2)
From 2003 to 2007, there were 10 bank failures in the U.S. In 2008 that number more than doubled, reaching 25. 2008's lowlight was the collapse of Washington Mutual on September 25--the biggest bank... Read more...
What does private equity see in IndyMac?
IndyMac made headlines when it collapsed, and then some more when it was announced that a private equity firm consortium led by Dune Capital will buy what remains of it. A good vulture move? The... Read more...
IndyMac Bank
Who: IndyMac Bank What: Fifth bank failure of 2008 (July 11, 2008) Where: Pasadena, California Why: Losses on defaulted mortgages made at the height of the housing boom. Fast Facts: At the... Read more...
The U.S. Banking Collapse (page 1)
From 2003 to 2007, there were 10 bank failures in the U.S. In 2008 that number more than doubled, reaching 25. 2008's lowlight was the collapse of Washington Mutual on September 25--the biggest bank... Read more...
Virtual receivorship for Wachovia?
MarketWatch says this about Wachovia: "A case could be made that Charlotte, N.C.-based Wachovia, where loan defaults have jumped nearly five fold, isn't much better off... Read more...
Richard Bove sued for defamation
Not too long ago, Ladenburg Thalmann bank analyst Richard Bove made headlines when he put out a list of the banks most likely to fail. There was a day when analyst research was basically limited to... Read more...
Does IndyMac presage a slew of failures?
We've been suggesting that a string of bank failures may be around the corner. The federal takeover of Pasadena-based IndyMac--the second largest bank failure ever--serves as a timely reminder. After... Read more...
