Washington Mutual, Inc.
News and overview for Washington Mutual, Inc.
Judge hears arguments in fight between WaMu and JPMorgan over deposits
Star Tribune (Minneapolis-St. Paul, Minn.) | 33 days 12 hours 58 minutes ago
WILMINGTON, Del. - The judge presiding over Washington Mutual Inc.'s bankruptcy protection case declined to issue an immediate ruling Thursday on the company's request that JPMorgan Chase & Co.
Judge delays ruling on WaMu turnover request
Seattle Times, The | 33 days 12 hours 57 minutes ago
WILMINGTON, Del. The judge presiding over Washington Mutual Inc.'s bankruptcy protection case declined to issue an immediate ruling Thursday on the company's request that JPMorgan Chase & Co. be ordered to turn over some $4 billion in disputed assets.
A look at the top 10 US bankruptcies -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 23 days 8 hours 4 minutes ago
CIT Group 's filing for Chapter 11 protection is the fifth-largest in U.S. history. Here are the top 10 U.S. bankruptcy filings, based on the companies' most recent annual report before filing for bankruptcy protection, according to BankruptcyData.com.
Judge Delays Ruling on WaMu Turnover Request
ABC News | 33 days 12 hours 59 minutes ago
Judge hears arguments in fight between WaMu and JPMorgan over deposits
TPG Cutting Size Of Financial-Focused Fund Again
Wall Street Journal, The | 8 days 9 hours 33 minutes ago
Of DOW JONES PRIVATE EQUITY ANALYST TPG Capital Inc. plans to slash the size of its TPG Financial Partners LP to $2.5 billion, the second time this year that the firm has offered to cut the fund, which closed at $6 billion in 2008, according to several people familiar with the situation.
Reform is from Venus; bailouts are from Mars
MarketWatch | 7 days 7 hours 48 minutes ago
How two women are shaking up Wall Street with good sense
A look at the top 10 US bankruptcies
Orlando Sentinel (Fla.) | 23 days 8 hours 6 minutes ago
CIT Group 's filing for Chapter 11 protection is the fifth-largest in U.S. history. Here are the top 10 U.S. bankruptcy filings, based on the companies' most recent annual report before filing for bankruptcy protection, according to BankruptcyData.com.
WaMu seeks turnover of deposits from JPMorgan
Seattle Times, The | 33 days 22 hours 59 minutes ago
WILMINGTON, Del. The judge presiding over the bankruptcy case of Washington Mutual Inc. is set to hear argument over more than $4 billion in banks deposits the company says it owns.
WaMu seeks turnover of deposits from JPMorgan
Oregonian (Portland), The | 33 days 22 hours 36 minutes ago
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Lender CIT Group seeks bankruptcy
Philadelphia Inquirer, The | 22 days 22 hours 58 minutes ago
WASHINGTON - After struggling for months to avert bankruptcy, lender CIT Group Inc.
Turning Out The Lights: ProQuo
Wall Street Journal, The | 21 days 7 hours 21 minutes ago
Note: We’re keeping an ongoing tally of venture-backed company shutdowns this year as VentureWire reports on them. See the list below. Look for these postings under the title, “Turning Out The Lights.”) turningoutthelights_E_20090824174104.jpgArt by Mike Lucas of Dow Jones ProQuo Inc., a start-up that offered to filter out people’s junk mail, quietly shut down in July.
Wire Business News
Sacramento Bee (Calif.), The | 33 days 14 hours 56 minutes ago
WILMINGTON, Del. -- The judge presiding over Washington Mutual Inc.'s bankruptcy has delayed a ruling on whether the company is entitled to more than $4 billion in disputed assets.
Judge delays ruling on WaMu turnover request - Business Wire - SunHerald.com
Sun Herald (Biloxi-Gulfport, Miss.), The | 33 days 14 hours 55 minutes ago
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Judge delays ruling on WaMu turnover request - National Business - MiamiHerald.com
Miami Herald, The | 33 days 14 hours 40 minutes ago
WILMINGTON, Del. -- The judge presiding over Washington Mutual Inc.'s bankruptcy has delayed a ruling on whether the company is entitled to more than $4 billion in disputed assets.
Sun Life narrows loss
Canada.com | 19 days 18 hours 8 minutes ago
Sun Life Financial Inc. posted its third loss in five quarters after it increased reserves to protect against declining stock prices. The Canadian insurer expects to have profit before one-time items of as much as C$1.7 billion ($1.6 billion) next year.
Company Overview
| Company: | Washington Mutual, Inc. |
|---|---|
| Industry: | Superregional Banks |
| Website: | http://www.wamu.com |
Washington Mutual (WaMu) offers consumer and commercial banking services through about 2,200 bank branches in the West, New York, Connecticut, and major US metropolitan areas. Once one of the largest originators and servicers of residential mortgages in the country, WaMu was brought low by its mortgage operations. The bank exited the subprime business after the 2007 housing bust and subsequent epidemic of loan defaults, but it was too late. In the largest bank collapse in US history, WaMu failed in 2008 and was acquired by JPMorgan Chase for $1.9 billion. JPMorgan plans to eventually phase out the WaMu brand.
Key Numbers
| Sales in U.S. Dollars (mil.) | 25,531 (2008) |
|---|---|
| One-year % Growth in Sales | 0.0 (2008) |
| Net Income in U.S. Dollars (mil.) | 0 () |
| One-year % Growth in Net Income | 0.0 () |
| Number of Employees | 49,403 (2008) |
| One-year % Growth in Number of Employees | 0.0 (2008) |
| Fiscal Year-End | December |