Getting your player ready...
WASHINGTON — The FBI is investigating failed bank IndyMac Bancorp Inc. for possible fraud, an official said Wednesday of the government’s latest target following the collapse of the nation’s subprime-mortgage market.
It was not immediately clear how long the FBI’s probe of the bank has been ongoing — or whether it was opened before Friday’s takeover of IndyMac by the Federal Deposit Insurance Corp.
The investigation appears to be focused on the company and not individuals who ran it, a law enforcement official said on the condition of anonymity.
