2008-08-27 — reuters.com
A U.S. banking regulator said the failure of mortgage lender IndyMac Bancorp Inc will deliver a bigger blow to its insured deposit fund than originally expected.
The Federal Deposit Insurance Corp said on Tuesday it now expects IndyMac's failure in July to cost its insurance fund $8.9 billion, compared with the previous expected range of $4 billion to $8 billion.
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