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Before its failure, IndyMac Bank was the largest savings and loan association in the Los Angeles area and the seventh largest mortgage originator in the United States. [2] The failure of IndyMac Bank on July 11, 2008, was the fourth largest bank failure in United States, [3] and the second largest failure of a regulated thrift at that time. [4] "
The bank's origins can be traced to the Railway Mutual Building and Loan Association; formed on October 20, 1926, to serve employees of the Pacific Electric Railway, the light rail transit system ("red cars") that served Los Angeles and surrounding areas. The fledgling institution operated with a staff of three persons; assets at the end of the ...
Prosper Marketplace is America's first peer-to-peer lending marketplace, with over $23 billion in funded loans. [1] Borrowers request personal loans on Prosper and investors (individual or institutional) can fund anywhere from $2,000 to $50,000 per loan request.
In 1946, Broadway Federal Savings and Loan Association was founded by a group of civic minded people to provide bank services to minorities in the greater Los Angeles area, who were not being serviced by any of the existing financial institutions. The bank received its charter on November 26, 1946 with an initial investment of $150,000.
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How to help firefighters. The LA Fire Department Foundation's Wildfire Emergency Fund supports the local firefighters battling the fires. The fund is being used to finance emergency fire shelters ...
Spoilers ahead! We've warned you. We mean it. Read no further until you really want some clues or you've completely given up and want the answers ASAP. Get ready for all of today's NYT ...