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As the debate over a $700 billion bank bailout rages on in Washington, one of the nation’s largest banks _ Washington Mutual Inc. _ has collapsed under the weight of its enormous bad bets on the mortgage market.
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AP, Washington
The chief executive of failed Washington Mutual Inc. and five other senior executives of the largest U.S. thrift, now owned by JPMorgan Chase & Co., are leaving...
made popular Oct 3 2008
AP,
Washington Mutual Inc. is a feisty, tinier competitor to big, conservative JPMorgan Chase. But after WaMu collapsed on Thursday, JPMorgan Chase is the new owner of its...
made popular Sep 26 2008
Washington Mutual, the giant lender that came to symbolize the excesses of the mortgage boom, was seized by federal regulators on Thursday night, in what is by far the...
made popular Sep 26 2008
AP, New York
Although Wachovia Corp. has been mentioned as one of the more troubled big U.S. banks, at least some analysts believe it is not at risk and is unlikely to suffer the...
made popular Sep 26 2008
AP, New York
Stocks are sharply lower in early trading as efforts to finalize a $700 billion financial bailout deal have unraveled. The seizure of Washington Mutual Inc. by federal...
made popular Sep 26 2008
AP, New York
Wall Street headed for a sharply lower open Friday as efforts to approve a $700 billion financial bailout unraveled and Washington Mutual Inc., one of the...
made popular Sep 26 2008
AP, Washington
JPMorgan Chase & Co. Inc. acquired the assets of Washington Mutual Inc.’s banking operations Thursday after federal regulators seized the ailing thrift, the...
made popular Sep 26 2008
AP, New York
JPMorgan Chase & Co. has struck a deal to acquire the deposits and some of the branches of beleagured thrift Washington Mutual Inc., according to news reports late...
made popular Sep 26 2008
AP, New York
The Wall Street Journal is reporting that JPMorgan Chase & Co. has struck a deal to acquire the deposits and some of the branches of Washington Mutual Inc., which...
made popular Sep 25 2008
AP, New York
Standard & Poor’s Ratings Services downgraded Washington Mutual Inc.’s creditworthiness further into junk territory Wednesday, noting the increased...
made popular Sep 25 2008
AP,
Ailing bank Washington Mutual Inc. appeared headed toward a sale Wednesday after a major investor removed a potential stumbling block and nervous banking regulators...
made popular Sep 17 2008
AP, New York
The U.S. government has been reaching out to large banks in an effort to organize a buyout of the beleaguered Washington Mutual Inc., according to a person briefed on...
made popular Sep 17 2008
AP, New York
The U.S. government has been reaching out to large banks in an effort to organize a buyout of the beleaguered Washington Mutual Inc., according to a person briefed on...
made popular Sep 17 2008
AP, New York
Washington Mutual says it will take another multibillion write-down for bad bets on mortgage securities but insists it has adequate capital to fund its operations amid...
made popular Sep 11 2008
AP, New York
Washington Mutual is ousting Chief Executive Kerry Killinger as the beleaguered savings and loan moves to overhaul its business, which has been ravaged by sour mortgage...
made popular Sep 8 2008
AP, New York
Washington Mutual, the Seattle-based bank known for its buoyant advertising slogan, “Whoo hoo!,” had little to cheer about as it reported a staggering $3...
made popular Jul 23 2008
AP, Seattle
Washington Mutual says it swung to a loss in the second quarter as it increased to more than $8 billion its reserve to cover sour loans.For the April-to-June period,...
made popular Jul 22 2008
AP, New York
Wachovia’s CEO gets fired, while Washington Mutual’s top executive is stripped of his chairman’s title. And guess what? Investors don’t feel any...
made popular Jun 3 2008
AP, Seattle
Washington Mutual is replacing Kerry Killinger as chairman. He remains chief executive officer of the nation’s largest savings and loan.In an announcement Monday...
made popular Jun 2 2008
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