Entries tagged "IndyMac Bancorp."
IndyMac's pension fund, which the Pension Benefit Guaranty Corp. now owns, is surprisingly well-funded at 89%.
IndyMac Bancorp has raised the ire of its shareholders and customers with its seizure by the Federal Deposit Insurance Corp. Now, there's more to keep the blood boiling as the Pasadena, Calif.-based lender is reportedly under investigation by the FBI for possible fraud for home loans to risky borrowers, according to wire reports. ...
The walking wounded from the credit crisis seem to be hanging on for dear life. There's bond insurer Ambac Financial Group Inc., which says it has enough liquidity despite downgrades by all three rating agencies. Meanwhile, Fitch Ratings cut its ratings on IndyMac Bancorp following a regulator's determination that the thrift is not "well capitalized." The two are just a small sampling of the hurting financial sector, which cast a hazy shadow over the markets. There was no visibility in Tuesday midday trading as the Dow has wavered, trading up 21.57, or 0.23%, to 11,253.53 while the Nasdaq inched forward...
