Page last updated at 05:48 GMT, Saturday, 12 July 2008 06:48 UK

US IndyMac Bank goes bust

Advertisement

One of the largest US mortgage lenders, the California-based IndyMac Bank, has collapsed amid a growing credit crisis.

It is the second-largest financial institution to fail in US history, regulators say.

Jane Hadden reports.

SEE ALSO

Story Tools

Explore the BBC

BBC © MMIX

The BBC is not responsible for the content of external internet sites.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.
Americas Africa Europe Middle East South Asia Asia Pacific