Search results
Results from the WOW.Com Content Network
Washington Mutual, Inc. (often abbreviated to WaMu) was an American savings bank holding company based in Seattle. It was the parent company of Washington Mutual Bank , which was the largest savings and loan association in the United States until its collapse in 2008.
On September 25, 2008, Washington Mutual failed, and its assets and accounts were sold to JPMorgan Chase by the Federal Deposit Insurance Corporation. On June 1, 2009, the building was renamed Chase Center. [4] On September 9, 2009, the building was purchased by Northwestern Mutual of Milwaukee.
Washington Mutual: H.F. Ahmanson & Co. Washington Mutual: JPMorgan Chase: 1999 [2] Fleet Financial Corp. BankBoston Corp. FleetBoston Financial Corp. Bank of America: 1999 Deutsche Bank AG Bankers Trust Corp. Deutsche Bank AG Deutsche Bank: 1999 HSBC Holdings plc: Republic New York Corporation HSBC Bank USA: HSBC Bank USA: 1999 Firstar Corporation
However, its stock price plunged 27 percent on September 26 due to the seizure of Washington Mutual the previous night. On the same day, several businesses and institutional depositors withdrew money from their accounts in order to drop their balances below the $100,000 insured by the Federal Deposit Insurance Corporation (FDIC)—an event ...
The receivership of Washington Mutual Bank by federal regulators on September 26, 2008, was the largest bank failure in U.S. history. Regulators simultaneously brokered the sale of most of the banks's assets to JPMorgan Chase, which planned to write down the value of Washington Mutual's loans at least $31 billion. [7] [8]
Providian Financial Corporation was an American financial services company founded in 1997, which became one of the leading credit card issuers in the United States before it was sold to Washington Mutual for approximately US$6.5 billion in October 2005. The company emphasized borrowers with lower income and lower credit ratings.
Mutual Bank Harvey: Illinois: 2009 $1.6 billion $2.3 billion Hamilton Bank Miami: Florida: 2002 $1.3 billion $2.2 billion Community Bank of Nevada Las Vegas: Nevada: 2009 $1.5 billion $2.1 billion First Bank of Beverly Hills Calabasas: California: 2009 $1.5 billion $2.1 billion Temecula Valley Bank Temecula: California: 2009 $1.5 billion $2.1 ...
Bank United Corporation, headquartered in Houston, Texas, was a broad-based financial services provider and the largest publicly traded depository institution headquartered in Texas before its merger with Washington Mutual in 2001. [1]