IndyMac Bancorp News Archives

Wyoming state Treasurer Joseph B. Meyer and the $4.7 billion Wyoming Retirement System, Cheyenne, filed a class-action lawsuit against former executives and institutions associated with mortgage-backed securities sold by the failed savings and loan IndyMac.

Hundreds of worried IndyMac Bancorp Inc. customers descended on the company's branches on Monday to withdraw their money, after regulators seized what was once one of the largest mortgage lenders in the United States.

John Fessler hadn't. Now, after losing a small fortune in the collapse of Pasadena-based Indymac, the Chino Hills attorney has a better idea of what the Office of Thrift Supervision is and what it is supposed to do.

The Federal Deposit Insurance Corporation plans to issue new rules that could make it slightly easier for private equity firms to buy failed banks, according to people familiar with the agency's deliberations.

Customers wait in line for an IndyMac Bank branch to open in Pasadena, California on July 14, 2008.