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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.
The ICICI-Videocon loan scam is about a criminal conspiracy by Chanda Kochhar as Managing Director of ICICI Bank who abused her position by sanctioning a ₹3,250 crore (US$696.34 million) loan to Venugopal Dhoot 's Videocon International Electronics Limited (VIEL) between June 2009 and October 2011 to cheat the bank in lieu of illegal gratification and undue benefit received in NuPower ...
ICICI Home Finance Company (ICICIHFC) is an Indian public limited housing finance company (HFC), [1] headquartered in Mumbai with branches in major cities across India. [2] [3] [4] [5] The company operates as a wholly owned subsidiary of ICICI Bank and is registered with the regulation authority of India - National Housing Bank (NHB).
Levin listed deficiencies noted by OTS examiners in WaMu's lending policies, including concentrations in option arm loans to higher-risk borrowers, limited-documentation loans, and loans with ...
The portrayal of Killinger’s role in WaMu's downfall, told by Wall Street Journal reporter Kirsten Grind in The Lost Bank: The Story of Washington Mutual —the Biggest Bank Failure in American History [20] was challenged by Killinger in an open letter.
Of all the wing-tipped execs that have been paraded before government officials investigating the roots of the financial crisis, the former Washington Mutual executives are surely among the most ...
Chanda Kochhar ( née Advani, born 17 November 1961) is an Indian banker. She was the managing director (MD) and chief executive officer (CEO) of ICICI Bank from 2009 to 2018 [1] She resigned from her positions in 2018 due a case of conflict of interest. [2] Subsequently, she was fired by ICICI Bank, a decision which was later upheld by the ...
Through a case study of Washington Mutual Bank (WaMu), the Report found that in 2006, WaMu began pursuing high risk loans to pursue higher profits. A year later, these mortgages began to fail, along with the mortgage-backed securities the bank offered.