The Federal Deposit Insurance Corp. quickly sold the bank to equity firms in New York, The Miami Herald reported. But BankUnited, the largest bank to fail since IndyMac collapsed last year -- and the 34th failed bank this year -- rattled the financial sector.
In midmorning trading, the Dow Jones industrial average lost 12.90 points, or 0.16 percent, to 8,279.23. The Standard & Poor's 500 fell 0.06 percent, 0.53 points, to 887.80. The Nasdaq composite index dropped 2.12 points, 0.13 percent, to 1,693.13.
The benchmark 10-year U.S. Treasury bond rose 4/32 to yield 3.393 percent.
The euro rose to $1.3999, compared to Thursday's $1.3905. Against the Japanese yen, the dollar fell to 94.26 yen, compared to Thursday's 94.30 yen.
In Tokyo, the Nikkei average shed 38.34 points to 9,225.81, off 0.41 percent.
Copyright 2009 by United Press International.
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