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Is Apollo a Finalist for IndyMac?
Byline: Paul Muolo
Washington-At press time the Federal Deposit Insurance Corp. was still holding by its promise that it would announce, by the end of December, a winning bidder for IndyMac Bank FSB, a $180 billion servicer.
The agency, however, was giving out little in the way of guidance about what exactly would be sold and which investors were bidding on the institution. IndyMac could be sold in parts , but the agency prefers to dispose of it in one piece.
...
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