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John Bovenizi

IndyMac to reopen ’strong and safe,’ new boss says

by Moe Bedard

PASADENA, California (CNN) — California bank IndyMac will reopen as a “strong and safe institution” under federal management and a new name Monday, days after regulators closed it, the firm’s new CEO said Sunday.

“Come Monday morning, it will be business as usual for all insured customers,” said John Bovenzi, who was placed in charge of [...]

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