4 hrs ago | Telegraph.co.uk
US mortgage lenders see shares tumble
Despite Federal Reserve chairman Ben Bernanke's warm words, aimed as much at soothing the markets as sending a message to investment banks on what to expect in the future, the majority of investors remain ...
9 hrs ago | The Florida Times-Union
Stocks fluctuate after Bernanke talk; oil down
Wall Street fluctuated Tuesday amid sinking oil prices, as investors remained jittery about the ailing financial system and weak economy ahead of second-quarter earnings.
14 hrs ago | All Stories
IndyMac Bancorp skids 43% in pre-market on job cuts, halting of new loans
IndyMac Bancorp Inc. is sinking more than 43% ahead of today's opening bell, after the holding company announced late in the trading day Monday it would stop new loans.
Stocks to Watch: Stocks in focus for Tuesday
Among the companies whose shares are expected to see active trade in Tuesday's session are Alcoa Inc., Pepsi Bottling Group Inc., and Sealy Corp.
IndyMac halts new loans; regulators say firm under-capitalized
IndyMac Bancorp said late Monday that regulators have told the lender it isn't "well capitalized" after failing to raise new capital.
IndyMac Bancorp Responds to Senator's Statement of Concern
IndyMac Bancorp, battling rumors that it's near collapse, has confirmed that its financial position "has deteriorated since last quarter," and said it was working with federal regulators "to further improve the ...
Regulators' advice to Schumer on IndyMac: Please shut up
Sen. Charles E. Schumer publicly taunted bank regulators last week about IndyMac Bancorp's financial condition, which helped trigger a sudden outflow of deposits from the Pasadena thrift.
IndyMac still facing nervous depositors
Struggling IndyMac Bancorp acknowledged today that it continued to face a larger-than-normal number of depositors looking to pull their funds, after new concerns about the Pasadena lender's health began to ...
IndyMac: Mini Bank Run, Thanks to Schumer
IMB : 0.66, +6.45% ) felt the pain of a mini bank run this past week, thanks to a leaked letter from New York Senator Charles Schumer that questioned the bank's solvency and led to widespread press coverage ...
Regulators to Schumer: We've got a Whole Bag of Shhh With Your Name on It
As we head into the July 4th holiday, it's clear that federal banking regualtors have one thing in common with beleaguered Indymac Bancorp Inc.
Consumer Group Targets IndyMac Over Alt-A Mortgages
As if IndyMac Bancorp Inc. didn't have enough problems of the real variety right now - trying to find sources of capital among them, as bank losses tied to Alt-A mortgages mount - the Center for Responsible ...
IndyMac addresses Schumer's concerns
IndyMac Bank has responded on its internal blog to the release of a critical letter sent late last week to federal banking regulators by Sen.
The Brualdi Law Firm Announces Class Action Lawsuit Against IndyMac Bancorp, Inc.
The Brualdi Law Firm P.C. announces that a lawsuit has commenced in the United States District Court for the Central District of California on behalf of purchasers of IndyMac Bancorp.
Ginnie Mae Ramps Up Securitization of Reverse Mortgages
An emerging area of the secondary market appears to be gaining steam, even as a large part of the private-party securitization market remains in the deep freeze.
Senator calls for scrutiny of IndyMac by regulators
The chairman of the congressional Joint Economic Committee asked U.S. regulators Thursday to scrutinize the financial health of Pasadena-based IndyMac Bancorp Inc.
Settlement Agent Pleads Guilty to Embezzling
The former president of National Settlement Agency pleaded guilty Thursday to felony charges of embezzling the proceeds of mortgage refinancing transactions, the U.S. Department of Justice said Thursday.
Schatz Nobel Izard P.C. Announces Class Action Lawsuit Against IndyMac Bancorp, Inc.
The law firm of Schatz Nobel Izard P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in ...
First Trust Tax-Advantaged Preferred Income Fund Decreases Its...
LISLE, Ill. - First Trust Tax-Advantaged Preferred Income Fund today declared its regularly scheduled quarterly distribution payable on June 30, 2008 to shareholders of record as of June 20, 2008.
Thursday's News from the Wall Street Journal
Despite a 200+ rise in the Dow on Thursday, Friday's Journal reported a few negatives: IndyMac Bancorp is trying to sell $540,000,000 in real estate loans at an average price of cents on the dollar and a low ...
Banks now facing new real estate financial problems
Banks now facing new real estate financial problems 6/06/2008 04:26:00 AM ET Link Subprime loan defaults were bad enough, but now banks are dealing with fire sales to unload hundreds of millions and billions of ...