PASADENA - IndyMac's collapse and subsequent seizure by federal regulators has placed increased scrutiny on the nation's banks - and their performance.
In some cases, that scrutiny has been merited.
Wachovia Corp. and Washington Mutual Inc. - both of which had been been big providers of "option-ARM" and subprime home mortgages - may have combined second-quarter losses of as much as $3.8 billion, according to analysts surveyed by Bloomberg.
But other banks not tied so heavily to the housing and mortgage meltdown are also feeling impacts.
Pasadena-based East West Bancorp Inc., is a good example.
East West's stock closed Monday at $10.64 a share, down 73 percent from its 52-week high of $39.46 a share. Those numbers don't sound good, but East West President and CEO Dominic Ng says the bank is holding up well, despite the chaos surrounding the nation's financial industry.
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