IndyMac suspends dividend, posts $509 million loss

IndyMac Bancorp, once the top U.S. lender to folks with mid-range credit, reported a record $509 million loss for the fourth quarter and indefinitely suspended dividend payments, according to the company and Bloomberg. A year earlier it had net income of $72 million. The Pasadena-based lender, which has operations in Irvine, also reported its first annual [...]