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Learning the hard way about FDIC insurance

Oct. 11, 2008
Fran Quittel vividly recalls the moment she heard IndyMac Bank had failed. The technical recruiter was driving back to her Emeryville home office, thinking about how her postponed 2007 corporate tax return was almost done and she could now make her planned...
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Private investors agree to buy IndyMac

PASADENA, Calif., Jan. 3 (UPI) -- IndyMac Bank, the California thrift that was taken over by federal regulators in July, found a buyer Friday, a group of private investors.

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.

FDIC remains secure and cash fluid

NEW YORK, July 21 (UPI) -- Experts say even with recent banking problems, investors should have no fears about Federal Deposit Insurance Corp. stability.

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 customers line up on bad news

PASADENA, Calif., July 15 (UPI) -- Banks stocks fell sharply on U.S. markets on a day the industry's insurer tried to reassure the public a recent bank failure was no cause for alarm.

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.

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.
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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