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It was the parent company of Washington Mutual Bank, ... [100] and later 22 locations in 2008 when Chase acquired WaMu. [101] Utah. In July 1994, ...
JPMorgan Chase: Washington Mutual: JPMorgan Chase: $1.9 Billion [41] JPMorgan Chase & Co. 2008 Fifth Third Bank: First Charter Bank: Fifth Third Bank: $1.1 billion [42] Fifth Third Bank: 2008 PNC Financial Services: National City Corp. PNC Financial Services: $5.08 billion [43] PNC Financial Services: 2008 U.S. Bancorp: Downey Savings and Loan ...
Washington Mutual, Seattle: JPMorgan Chase, New York City Savings and loan association $ 1.9 × 10 ^ 9 [23] September 26, 2008: Lehman Brothers C: Nomura Holdings: Investment bank $600,000,000 [24] September 28, 2008: Bradford & Bingley D: Government of the United Kingdom (Mortgage Assets) Banco Santander (Savings Liabilities) Diversified ...
In early 1997 California thrift H. F. Ahmanson & Co. launched a hostile takeover bid for the company, but Washington Mutual's friendly offer won out later that year. Ironically, in 1998 Washington Mutual acquired Ahmanson for $10 billion. In 2008, it became part of JPMorgan Chase.
JPMorgan Chase (JPM) could bank a rich $1.4 billion tax refund this year, owing to Washington Mutual's 2008 losses and an oft-overlooked business tax break that was squeezed into the 2009 Stimulus ...
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The Federal Deposit Insurance Corporation (FDIC) may assume deposits of banks or allow other banks to assume them. The largest banks to be acquired have been the Merrill Lynch acquisition by Bank of America, the Bear Stearns and Washington Mutual acquisitions by JPMorgan Chase, and the Countrywide Financial acquisition also by Bank of America.
Agency infighting and regulators' repeated disregard of shoddy lending practices allowed Washington Mutual Bank, a $300 billion thrift and the sixth largest U.S. depository institution before it ...