FDIC Seeking Fast IndyMac Sale

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IndyMac Bancorp Inc., the third-largest bank ever to be taken over by U.S. regulators, will be sold “as soon as possible,” FDIC Chairwoman Sheila Bair told Bloomberg News.

Bair, whose agency began running the Pasadena-based lender last week, said the Federal Deposit Insurance Corp. will try to sell all of its assets to a single buyer in three months.





Read the full Bloomberg News story

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