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Banking

Jul. 9, 2011

FDIC Sues Ex-Indy Mac Chief

The Federal Deposit Insurance Corp.'s lawsuit against former CEO Michael Perry is the latest sign of its aggressive but slow-moving crackdown on bank officials years after their banks failed.


By Anna Scott


Daily Journal Staff Writer


In the latest sign of its aggressive but slow-moving crackdown on former officers of failed banks, the Federal Deposit Insurance Corp. this week targeted former IndyMac Chief Executive Officer Michael Perry.


The case against Perry is only the eighth complaint filed so far, while the FDIC board has authorized civil lawsuits against 249 individuals connected to 28 institutions to date. Regulators are see...

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