& çâÌæÚUæð´ ·¤è ¥ôÚU Îð¹Ùæ ÁæÚUè ÚU¹ð´ ¥ÍæüÌ ¥ÂÙð ÜÿØ ÂÚU ŠØæÙ ÚU¹ð´Ð ãæÚU Ù ×æÙð´, €UØô´ç·¤ ·¤æ× ·¤ÚUÙð âð ¥æÂ·¤ô ©gðàØ ·¤è Âýæç# ãôÌè ãñ ¥õÚU ÁèßÙ ·¤æ ¹æÜèÂÙ ÎêÚU ãôÌæ ãñÐ ÖÜð ãè ÁèßÙ ×ð´ ç·¤ÌÙè Öè ·¤çÆÙæ§ü €UØô´ Ù ¥æ°, çÁ™ææâæ ¥õÚU ©ˆâæã ÕÙæ° ÚU¹ð´Ð ŠØæÙ ÚU¹ð´, ÜÿØ ã×ðàææ ¥æÂ·Ô¤ Âæâ ãôÌð ãñ´ çÁ‹ãð´ ÂæÙð ·Ô¤ çÜ° ÂýØæâ ¥æÂ ·¤Öè Öè àæéM¤ ·¤ÚU â·¤Ìð ãñ´Ð

IndyMac bank seized by US amid mortgage crisis

AFP, Los Angeles
Federally-seized IndyMac Bank was due to reopen Monday after suffering one of the biggest bank closures in US history, as the troubled US mortgage industry struggles to stem further meltdown.
The regulatory Office of Thrift Supervision (OTS) announced Friday it had placed the California-based bank, worth an estimated 32 billion dollars, under the control of the Federal Deposit Insurance Corporation (FDIC).
The mortgage lender, which will reopen as IndyMac Federal Bank, marked the largest bank failure in a year of mortgage and foreclosure crisis high lighted by a surge in defaults and a plunge in housing prices which are rippling through the US economy.
The FDIC stressed Saturday that it was seeking to return the bank to private operation
within a few months.
"When we reopen Monday, we will begin the process of marketing this bank to try to get it back into the private sector. We expect that to take about 90 days," FDIC spokesman David Barr said on CNN television.
Ban said the FDIC had already Gelded more than 9,000 calls from panicky' customers wondering if their moneyrwas safe.
FDIC guarantees 100 percent of personal investments upto 100,000 dollars.
The bank was the fifth FDIC-insured failure of the year, and is expected to cost the FDIC between four and eight billion dollars, wiping out as much as 10 percent of its 53-billion-dollar Deposit Insurance Fund.
OTS regulators said the closure was prompted by withdrawals of 1.3 billion dollars made by the bank's customers since lune, when doubts were raised publicly about the bank's long-term viability.
"The institution failed today due to a liquidity crisis," OTS director John Reich said Friday.
The decision had been anticipated after IndyMac's share price collapsed. The bank's stock, which traded at more than 28 dollars per share one year ago. closed Friday at just 28 cents per share.
The company announced in the past week it had halted lending and was planning to shed 3,800 jobs, more than half of its work force.
At its peak in 2006, the com pany, which had been reeling under the foreclosure crisis, employed 10.000 people. The latest layoffs would have reduced the work force to around 3,400.
IndyMac's woes came as US mortgage finance giants Fannie Mae and Freddie Mac were being pushed to the brink as a meltdown in their share prices in the past week raised fears of a government bailout.