Second largest bank failure in U.S. history.»

IndyMac bank seized by regulators, marking second largest bank failure in U.S. history.:

The Federal Deposit Insurance Corporation (FDIC) and the Office of Thrift Supervision (OTS) “took control of Pasadena-based IndyMac Bank on Friday in what regulators called the second-largest bank failure in U.S. history.” The bank has succumbed to “huge losses from defaulted mortgages made at the height of the housing boom”

FDIC Says At Least 90 US Banking institutions In Trouble:

The FDIC is monitoring 90 institutions with assets of $26 billion that it has identified as troubled.