One West Bank
Submitted by BankMan (bestcashcow.com)
One West Bank is the new name for IndyMac Federal Bank, which was recently sold to a consortium of investors. The new bank has $16 billion in assets.
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One West Bank is the new name for IndyMac Federal Bank, which was recently sold to a consortium of investors. The new bank has $16 billion in assets.
Indymac, one of the first banks to feel the imapact of the credit crisis was purchased today by a consortium led by Dune Capital member Steve Munchin and hedge fund members John Paulson and...
JC Flowers and Paulson&Co. are pretty bright folks so you can be sure that these folks are getting a good deal on IndyMac. It is unfortunate that the FDIC and therefore the taxpayers are taking...
As I suggested in this article, the best move is to buy CDs like mad below the FDIC insurance limit. While online CDs listed on the BestCashCow.com rate tables offer a significant yield pickup,...
IndyMac has fantastic customer service, and my experience with them shows that it is well worthwhile to open CDs in this low interest rate environment.
PASADENA, Calif., Aug 01, 2008 (BUSINESS WIRE) -- On Friday, August 1, 2008, IndyMac Bancorp, the former holding company of IndyMac Bank filed for bankruptcy protection under the U.S. Bankruptcy...
What a bank president doesn't want to hear from from the OTS... IndyMac executives suspected the end was near even before the regulators turned up. Examiners do not warn banks they are coming,...
After making news as one of the largest bank failures in US history, Indymac is back as a Federal Savings Bank now run by the FDIC. They are looking for deposits. Is there a safer place to put...
Indymac is freezing Home Equity Lines of Credit for a case-by-case review to ensure it doesn't suffer any more significant losses. I wonder what the process is since I don't see how they can...
This is a good blog post with some history of past bank failures and what we may expect in the future. A chart shows how bad it got in the late 80's and early 90's. Hope it doesn't get that bad...
On July 11, 2008, IndyMac Bank, F.S.B., Pasadena, CA was closed by the Office of Thrift Supervision (OTS) and the Federal Deposit Insurance Corporation (FDIC) was named Conservator.
According to the FDIC website, Indymac will continue to pay interest at the contract rate. I assume this means that everyone who opened a high yield CD will continue to receive their interest...
With all the bad publicity and the latest regulatory action, Indymac Bank will likely have to keep their very high CD and savings account rates if they want to keep their deposits. This makes for a...
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Institution
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2.25%
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Everbank
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0.35%
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Flex Funds
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1.25%
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Country Bank for Savings
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1.10%
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TotalBank
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2.00%
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First City Bank
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2.15%
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USAA Federal Savings Bank
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2.30%
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Atlantic Coast Bank / First City Bank
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2.81%
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USAA Federal Savings Bank
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3.01% |
USAA Federal Savings Bank |
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3.41%
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USAA Federal Savings Bank
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3.36%
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US Treasury
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4.30% |
Royal Bank of Missouri |
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2.00% |
Alliant CU |
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1.51% |
Wings Financial CU |
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1.76%
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Wings Financial CU
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2.10%
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Alliant CU
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2.53%
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Wings Financial CU
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3.03%
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Wings Financial CU
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0.09%
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Various brokerages
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0.19%
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Various brokerages
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0.92%
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Various brokerages
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2.45%
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Various brokerages
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3.77%
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Various brokerages
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