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Irregularity Uncovered at IndyMac

Dec. 23, 2008
Two months before IndyMac Bancorp collapsed, a federal banking regulator allowed it to backdate a capital infusion, a Treasury Department investigator said.
Related Stories from UPI.com

Top banking regulator ousted

WASHINGTON, Dec. 22 (UPI) -- A U.S. official has been removed from his job after investigators found he allegedly allowed IndyMac Bancorp to portray a misleading picture of its finances.

FBI probing failed Indymac bank

WASHINGTON, July 16 (UPI) -- The FBI has begun a probe of failed California bank Indymac Bancorp, looking for possible fraud, a source said.

IndyMac deposits safe, FDIC says

WASHINGTON, July 14 (UPI) -- The U.S. Federal Deposit Insurance Corp. says depositors with accounts at the seized IndyMac Federal Bank FSB have nothing to fear.

Dodd doesn't expect many bank failures

WASHINGTON, July 14 (UPI) -- The chairman of the U.S. Senate Banking Committee said Monday he does not expect many banks to fail as IndyMac Bancorp did last week.
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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
View Caption
Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler