Customers of two banks closed by federal regulators were assured that every penny of their money was protected, preventing lines of angry accountholders from forming Saturday. ...more

July 27, 2008

After IndyMac Bancorp failed, customers waited in line for hours to collect their money. The police had to be called in to quell the mob. The scenes brought to mind the Great Depression. This time, with satellite TV trucks at the bank's branches, the world watched last week as our financial system took another body blow. ...more

July 22, 2008

Diane Klein wasn't sure what she would trust more to hold her money - IndyMac Bank or a hole in her backyard. ...more

July 17, 2008

Lou Pearlman and federal authorities have finally agreed on how much the former boy-band promoter swindled from banks and investors in a decades-long scam: a staggering $300 million. ...more

July 17, 2008

Police ordered angry customers lined up outside an IndyMac Bank branch to remain calm or face arrest Tuesday as they tried to pull their money out on the second day of the failed institution's federal takeover. ...more

July 16, 2008

The government's seizure of IndyMac Bank raises concerns for many consumers about whether their banks might be next. ...more

July 15, 2008

The bank executives who promised months ago the worst of the financial crisis had passed are looking less and less credible to investors. And that could pose a problem as the industry releases what are expected to be dismal second-quarter earnings over the next few weeks. ...more

July 15, 2008

As home prices continue to decline and loan defaults mount, federal regulators are bracing for dozens of American banks to fail during the next year. ...more

July 14, 2008

Senior government officials prepared emergency steps Friday to rescue troubled mortgage giants Fannie Mae and Freddie Mac but stopped short after a campaign of public statements eased immediate concerns about the stability of the institutions. ...more

July 12, 2008

Bank of America Corp., Countrywide Financial Corp. and other leading U.S. lenders adopted rules aimed at speeding the pace of mortgage modifications amid criticism that they haven't done enough to stem foreclosures. ...more

June 18, 2008