Source: (MarketWatch) — U.S. banking regulators said Friday they have closed IndyMac Banorp Inc., the biggest retail bank to succumb to the ongoing U.S. subprime mortgage crisis. The Federal Deposit Insurance Corp. said in a statement it will take over operations of IndyMac which had total assets of $33.01 billion and total deposits of $19.06 billion as of March 31.

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Posted by markw, filed under Economy, Finance. Date: July 11, 2008, 6:50 pm |

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