Nov 25, 2007

IndyMac Bancorp

Part of a series The Great American Write-Down

IndyMac Bancorp (IMB). The third quarter was a rough one for IndyMac, posting a loss of $202 million or five times company estimates. Their credit rating is now BBB-minus, one more cut and they will have obtained junk status.

IndyMac outlook now negative, was stable - S&P
IndyMac Bancorp posts 3rd-quarter loss
IndyMac loss dwarfs own forecast