IndyMac Bancorp Incorporated

Social Security had its 73rd birthday in August, but there was another commemoration this summer that has special importance this year. That was the 75th anniversary, on June 16, of the Federal Deposit Insurance Corp. Within days after a news...

U.S. stock indexes on Friday declined for a third consecutive day, with the Dow Jones industrial average obliterating a more than 300-point gain as concerns intensified that the $700 billion rescue plan won't unfreeze credit markets. "Indicators on the...

The FBI is investigating four major U.S. financial institutions whose collapse helped trigger a $700 billion bailout plan by the Bush administration, The Associated Press has learned. Two law enforcement officials said yesterday the FBI is looking at...

Adding to their woes, mortgage finance giants Fannie Mae and Freddie Mac are facing a federal grand jury investigation into their accounting practices. The mortgage finance companies said Monday that a federal grand jury in New York is investigating...

The collapse of giant thrift Washington Mutual and the takeover by JPMorgan Chase will be costly to the thrift's stock and bondholders, but it will mean little for depositors, bank experts and government officials said Friday. With WaMu accounts becoming...

NEW YORK (AP) _ In the latest byproduct of the widening global financial crisis, Citigroup Inc. will acquire the banking operations of Wachovia Corp. in a deal facilitated by the Federal Deposit Insurance Corp. Citigroup will absorb up to $42 billion...

Citigroup Inc. will buy the banking operations of Wachovia Corp., according to the Federal Deposit Insurance Corp. Citigroup will absorb up to $42 billion of losses from Wachovia's $312 billion loan portfolio, with the FDIC covering any remaining losses,...

WASHINGTON (AP) _ A federal grand jury is investigating accounting and disclosure issues at Fannie Mae and Freddie Mac, the mortgage finance companies said Monday. Fannie and Freddie said they received subpoenas Friday from the U.S. Attorney's office...

Citigroup agreed Monday to purchase Wachovia's banking operations for $2.1 billion in a deal arranged by federal regulators, making the Charlotte-based bank the latest casualty of the widening global financial crisis. The deal greatly expands Citigroup'...

The humble checking account, long overshadowed by sexier and higher-risk investment vehicles, may have a key role to play in the revival of the nation's gasping financial system. Banks and other financial companies got into trouble by betting their...

Deborah Horn tugs on the handle of the glass-paned entrance of the IndyMac Bancorp Inc. branch in Manhattan Beach, Calif. The door won't budge. The weekend is approaching, and Horn, 44, the sole breadwinner in a family of three, needs cash. A small...

A perfect storm has recently ravaged the United States. No, I'm not talking about Hurricane Ike, which devastated the Gulf coast much like Hurricane Katrina had done three years earlier, but the economic crisis that is unfolding along Wall Street....