Feds Seize Assets of Failed Indymac Bank -- 2nd-Largest Financial Closing in U.S. History
The Commercial Appeal (2007-Current) › July 14, 2008
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Summary
LOS ANGELES - IndyMac Bank's assets were seized by federal regulators Friday after the mortgage lender succumbed to the pressures of tighter credit, tumbling home prices and rising foreclosures.
The Pasadena-based bank is the largest regulated thrift to fail and the second-largest financial institution to close in U.S. history, regulators said. The Continental Illinois National Bank had nearly $40 billion in assets when it failed in 1984, according to the Federal Deposit Insurance Corp.See the full content of this document
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Feds Seize Assets of Failed Indymac Bank -- 2nd-Largest Financial Closing in U.S. History
The Office of Thrift Supervision said it transferred ...
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