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Washington Mutual, Inc.(often abbreviated to WaMu) was an American savings bank holding companybased in Seattle. It was the parent company of WaMu Bank, which was the largest savings and loan associationin the United Statesuntil its collapse in 2008.
Kerry Killinger. Kerry Killinger (born June 6, 1949) is an American businessman and author. He is founder and CEO of Crescent Capital Associates, [1] and previously served as chairman and chief executive officer of Washington Mutual from 1990 until 2008. [2] [3]
As a result of the takeover, Washington Mutual shareholders lost all their equity. Through the acquisition, JPMorgan became owner of the former accounts of Providian Financial, a credit card issuer WaMu acquired in 2005. The company completed the rebranding of Washington Mutual branches to Chase in late 2009.
A bank statement loan allows you to qualify for a mortgage using bank statements rather than tax returns. It’s most often used by self-employed borrowers.
Providian Financial Corporation was one of the leading credit card issuers in the United States when it was sold to Washington Mutual for approximately US$ 6.5 billion in October 2005. Providian was headquartered in San Francisco, California, and had more than 10 million card holders at the time of its sale. Washington Mutual, Inc., continued to run the company as a wholly owned subsidiary ...
This is a partial list of major banking company mergers in the United States.
Regulators found weaknesses in "living wills" submitted by four of the country’s largest banks detailing how the lenders would wind themselves down if something catastrophic were to happen.
(Reuters) -Bitcoin miner Riot Platforms is seeking three board seats at rival Bitfarms, a long-sought acquisition target that has rebuffed its $950 million buyout offer and adopted a poison pill ...