IndyMac: Mini Bank Run, Thanks to Schumer
Posted by AMY MCALISTER on Jul 1st, 2008
2008
Jul 1
IndyMac Bancorp, Inc. (IMB: 0.6549, +5.63%) felt the pain of a mini bank run this past week, thanks to a leaked letter from New York Senator Charles Schumer that questioned the bank’s solvency and led to widespread press coverage last week, the Pasadena-based thrift said in a filing with the Securities and Exchange Commission late [...]