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IndyMac being sold to private equity firms

Posted under Business on Monday, 29 December 2008 by
IndyMac Bancorp is one of the biggest banks that have come crashing down due to the subprime mortgage crisis. Now it is all set to be sold off to a consortium consisting of private equity and hedge fund firms.  Federal regulators had declared the bank as being insolvent back in July which...
IndyMac being sold to private equity firms