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CIT's future in question ahead of lender meeting

Sep. 29, 2009
CIT Group Inc.'s shares soared Tuesday on a report that hedge fund manager John Paulson is considering merging the troubled finance company with failed mortgage lender IndyMac Federal Bank. But they plunged after-hours as a separate report said CIT is...
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FDIC re-writes loan terms at IndyMac

WASHINGTON, Aug. 21 (UPI) -- U.S. regulators plan to rewrite terms on about 25,000 troubled Indymac Bancorp, mortgages that could set a trend for other lenders, an official said.

Indymac checks find reluctant welcome

PASADENA , Calif., July 17 (UPI) -- The U.S. Office of Thrift Supervision Thursday said it was investigating complaints of banks not honoring checks from former Indymac Bancorp customers.

FBI probing failed Indymac bank

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IndyMac deposits safe, FDIC says

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Regulators are watching banks on the brink

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U.S. takes over IndyMac Bank

PASADENA, Calif., July 11 (UPI) -- The U.S. government Friday took over IndyMac Bank, with federal regulators calling the bank's failure the second-largest in U.S. history.

IndyMac cuts back lending, staff

PASADENA, Calif., July 7 (UPI) -- IndyMac Bancorp of Pasadena, Calif., announced Monday it will substantially cut back its home mortgage lending and slash its workforce of 7,200 by about half.
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President Obama awards the Presidential Medal of Freedom in Washington
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President Barack Obama awards the the Presidential Medal of Freedom to singer/songwriter Bob Dylan during a ceremony in the East Room at the White House in Washington on May 29, 2012. The Medal of Freedom is our NationÕs highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. UPI/Kevin Dietsch