14 July 2008

After IndyMac's failure, which bank could be next?

Monday July 14, 4:46 pm ET
By Madlen Read, AP Business Writer

As banks prepare to reveal quarterly results, investors wonder which could be next to fail NEW YORK (AP) -- The bank executives who promised months ago that the worst of the financial crisis had passed are looking less and less credible to investors. And that could pose a problem as the industry releases what are expected to be dismal second-quarter earnings over the next few weeks.

Certainly, not all banks are going the way of IndyMac Corp., which was seized by the government on Friday. In fact, analysts expect several banks to come out on top as the industry consolidates in the coming years.

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