A man investigators said was involved in a fraud scandal at the U.S. Treasury has been allowed to retire as a U.S.

By MARCY GORDON WASHINGTON - The number of troubled U.S. banks leaped to the highest level in about five years and bank profits plunged by 86 percent in the second quarter, as slumps in the housing and credit markets continued. Federal Deposit Insurance Corp.

By Marcy Gordon Associated Press WASHINGTON -- The number of troubled U.S. banks leaped to the highest level in about five years and bank profits plunged by 86 percent in the second quarter, as slumps in the housing and credit markets continued. Federal Deposit Insurance Corp.

PHOENIX (AP) -- Customers of two banks closed by federal regulators were assured that every penny of their money was protected, preventing lines of angry accountholders from forming Saturday.

By Christina Hoag Associated Press PASADENA, Calif. -- Worried customers with deposits in excess of insured limits flooded IndyMac Bank branches on Monday, demanding to withdraw as much money as they could or get answers about the fate of their funds.