IndyMac Bancorp is the holding company for IndyMac Bank, F.S.B., and operates through two main segments. The Mortgage Banking segment's core activities are loan production,...
By John Poirier WASHINGTON (Reuters) - California's attorney general is reviewing a request by former employees of IndyMac Bancorp Inc IDMC to investigate whether a New York senator triggered the bank's collapse by releasing confidential information. At issue is a much-publicized letter that...
By Karey Wutkowski WASHINGTON (Reuters) - The number of troubled U.S. banks rose 30 percent to 117 in the second quarter, the highest level in five years, and a top regulator warned that conditions will worsen as the housing slump and credit crisis...
By Karey Wutkowski WASHINGTON (Reuters) - The number of troubled U.S. banks rose 30 percent to 117 in the second quarter, the highest level in five years, and a top regulator warned that conditions will worsen as the housing slump and credit crisis...
Michael Steinberg submits: The New York Times “As Program Moves Poor to Suburbs, Tensions Follow” and the New York Post “LOST SOVEREIGNITY,” tell stories of how sanguine homogeneous neighborhoods could be facing abrupt changes. Although each article takes a different angle, both articles point to increased renters in neighborhoods thought...
Michael Panzner submits: It has long been known that cognitive biases can engender a distorted sense of reality. Even though people may be presented with facts and figures that clearly point in one direction, behavioral mechanisms can prevent them from acknowledging or even seeing the data - data that...
WASHINGTON AFP — July is usually a quieter month for busy Wall Street bankers, spent lounging poolside at the Hamptons or on a Caribbean beach, but a nagging credit crunch has cast a dark cloud over such vacations. Major US banks, including Citigroup, Bank of America,...
PASADENA, Calif. -- Indymac today issued the following letter to its stakeholders: Dear Indymac Stakeholders: In this very difficult and challenging environment, any of the actions that we take to keep Indymac safe and sound unfortunately have negative consequences to some important constituency....
DALLAS, July 1 /PRNewswire/ -- BeaconEquity.com announces the availability of TraderNotes on stocks making news today. Investors can view all of the daily trading notes for free by visiting: http://www.beaconequity.com/m Today's TraderNotes include: XsunX Inc. (BULLETIN BOARD: XSNX) , Aastrom Biosciences...
Brower Piven, A Professional Corporationannounces that a class action lawsuit has been commenced in the UnitedStates District Court for the Central District of California on behalf ofpurchasers of the common stock of IndyMac Bancorp, Inc. ("IndyMac" or the"Company") (NYSE: IMB) between August 16, 2007 and May 12, 2008,...
Attorney Advertising. Notice is hereby giventhat a class action has been commenced in the United States District Courtfor the Central District of California on behalf of purchasers of thecommon stock of IndyMac Bancorp, Inc. ("IndyMac" or the "Company") (NYSE: IMB) between August 16, 2007 and...
On June 11, 2008, a class action lawsuitwas filed in the United States District Court for the Central District ofCalifornia against IndyMac Bancorp, Inc. (NYSE: IMB). The complaintalleges violations of federal securities laws, Sections 10b and 20a ofthe Securities Exchange Act of 1934 and Rule 10b-5, including...
SAN DIEGO -- Coughlin Stoia Geller Rudman & Robbins LLP ("Coughlin Stoia") (http://www.csgrr.com/cases/indymac/) today announced that a class action has been commenced in the United States District Court for the Central District of California on behalf of purchasers of IndyMac Bancorp, Inc. ("IndyMac") (NYSE:IMB) common stock during...
Alesco Financial Inc. is taking a financial hit from a large mortgage lender's decision to defer interest payments on a type of complicated security at the core of the credit crisis. The Philadelphia specialty-finance company said the five securities most affected by the IndyMac Bancorp Inc. decision contributed 44 percent...
PHILADELPHIA, May 15 /PRNewswire-FirstCall/ -- Alesco Financial Inc. , a specialty finance real estate investment trust, updates its previous announcement concerning the expected impact to AFN of the deferral by IndyMac Bancorp of the interest payments due on IMB's trust preferred securities held in AFN's portfolio. ...
NEW YORK, May 13 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P MidCap 400 and S&P SmallCap 600: -- Under Armour Inc. will replace IndyMac Bancorp Inc. in the S&P MidCap 400 after the close of...
PHILADELPHIA, May 12 /PRNewswire-FirstCall/ -- Alesco Financial Inc. , a specialty finance real estate investment trust, announced today that IndyMac Bancorp disclosed this morning that it will defer making the interest payments on IMB's trust preferred securities, including those in AFN's portfolio. AFN holds a portion...
PASADENA, Calif. -- IndyMac Bancorp, Inc. (NYSE:IMB) ("Indymac" or the "Company"), the holding company for IndyMac Bank([R])F.S.B. ("Indymac Bank"), will hold a presentation for the investment community on Monday, May 12, 2008, at 10:00 a.m. PT (1:00 p.m. ET) to review first quarter 2008 financial results, which are scheduled to...
LOS ANGELES -- IndyMac Bancorp Inc. reported the first annual loss in company history Tuesday and scrapped its dividend to shore up capital. The holding company for IndyMac swung to a fourth-quarter loss as weakness in the housing market forced the mortgage lender to boost provisions...
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