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.
September 17, 2008: Lehman Brothers, New York City B: Barclays: Investment bank $ 1.3 × 10 ^ 9 [21] September 18, 2008: HBOS: Lloyds TSB: Diversified financial services $ 2.185 × 10 ^ 10 [22] September 26, 2008: Washington Mutual, Seattle: JPMorgan Chase, New York City Savings and loan association $ 1.9 × 10 ^ 9 [23] September 26, 2008 ...
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.
Between 2003 and 2008, WaMu and its primary subprime lender, Long Beach Mortgage Company, dumped low-risk 30-year fixed-rate loans and loaded up on more profitable, but problem-plagued, high-risk ...
I live in Portland, Oregon, and a lot of my friends have accounts with Washington Mutual, given its roots in the Pacific Northwest (WaMu was founded in Seattle over 100 years ago). Most of my ...
For premium support please call: 800-290-4726 more ways to reach us
The holding company, Washington Mutual Inc was left without its major asset and equity investment, its former subsidiary Washington Mutual Savings Bank, and filed for bankruptcy the following day, the 26th. WaMu's collapse is the largest U.S. bank failure in history. [40]
For premium support please call: 800-290-4726 more ways to reach us more ways to reach us