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A seven-member investor group including billionaire George Soros and Dell Inc. founder Michael Dell have agreed to purchase failed lender IndyMac Bank, one of the largest casualties of the housing bust, for $13.9 billion.
WASHINGTON — A trio of private investors — J.C. Flowers & Co., Dune Capital Management and Paulson & Co. — have teamed up in an effort to buy failed thrift IndyMac, a person familiar with the deal said Monday.
When her husband lost his job as a mortgage underwriter at failed IndyMac Bank this July, one of the hardest moments for Jill Hofknecht was telling her 5-year-old daughter she couldn't have a pet hamster.
The failure of IndyMac Bank last week — and news that some depositors didn’t get all their money back — has a number of readers wondering: Is my bank account safe? If not, it can be with a few simple steps.
Diane Klein isn't sure what she would trust more to hold her money — IndyMac Bank or a hole in her backyard.
IndyMac Bank's assets were seized by federal regulators on Friday after the mortgage lender succumbed to the pressures of tighter credit, tumbling home prices and rising foreclosures.
This Depression Won't Be So Bad...A depression now could never be anything nearly as bad as what happened in the thirties, and the reason is technology. We live in the information age. The thirties were in the industrial age. Then companies had to have real estate.
Is Your Bank Or Broker Safe?Is your bank about to close? Is your broker safe? Watch this video to learn more about what happens to your money if they should fail, and what to do right now.
Southern California depositors could lose $500 million in IndyMac bank failureWSWS reports: Last Friday afternoon, Federal Deposit Insurance Corporation (FDIC) regulators abruptly shut the doors of Pasadena, California-based IndyMac Bank several hours before its normal closing time and seized $38 billion in assets, making IndyMac Bank the third-largest ba …
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