Nervous IndyMac Customers Seek To Pull Funds
Customers of IndyMac, the failed Pasadena, Calif-based bank, lined up Monday to withdraw their money from the institution.
The bank was taken over by the Federal Deposit Insurance Corporation late Friday. It reopened Monday as IndyMac Federal Bank.
The bank is the second-largest financial institution to fail in U.S. history.
The company had been having trouble raising funds and manage losses from failed mortgage loans.
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