The failure of IndyMac Bancorp has heightened the speculation of other banks that may follow the same fate as the Pasadena, Calif.-based lender. Several industry experts including Ladenburg Thalmann & Co. analyst Richard Bove have come out saying that the IndyMac closure may just be the tip of the iceberg.
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Bove issued a report this past weekend, "Who is next?", citing more companies that investors might want to stay away from, such as Doral Financial Corp., Corus Bankshares and First Horizon National Corp. The most notable institution on Bove's list that also has long been looked at having troubles is Washington Mutual Inc. ... - Gerald Magpily
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