Washington Mutual, Inc.
News and overview for Washington Mutual, Inc.
Banking in Central Florida: SunTrust remains No. 1 in deposits
Orlando Sentinel (Fla.) | 36 days 1 hour 17 minutes ago
SunTrust Banks Inc. has tightened its grip on Central Florida's banking market during the past year, while BB&T Corp. rose dramatically in the rankings and some other big players fell, according to new deposit figures released Monday by the federal government.
IMS Gets $4 Billion Leveraged Buyout
Wall Street Journal, The | 18 days 22 hours 12 minutes ago
TPG and the Canada Pension Plan struck the largest private-equity deal of 2009, agreeing to purchase health-care data company IMS Health Inc. for more than $4 billion.
A look at the top 10 US bankruptcies - National Business - MiamiHerald.com
Miami Herald, The | 23 days 5 hours 31 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.
A look at the top 10 US bankruptcies - Business Wire - SunHerald.com
Sun Herald (Biloxi-Gulfport, Miss.), The | 23 days 5 hours 28 minutes ago
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A look at the top 10 US bankruptcies - Breaking News - Business - MiamiHerald.com
Miami Herald, The | 23 days 5 hours 31 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.
CIT Files Its Bankruptcy Plan
Wall Street Journal, The | 22 days 6 hours 25 minutes ago
A CIT bankruptcywould be among the biggest. Here, CIT's NewYork home.] European Pressphoto Agency A CIT's bankruptcy filing is among the biggest. Here, CIT's New York home.
Ex-Bankers Form 'Blind Pools' in Bid for Failed Lenders
Wall Street Journal, The | 12 days 3 hours 22 minutes ago
Former bank executives are returning to the battered industry to bid on failed financial institutions, putting them in competition with healthy banks and private-equity firms for the rising number of doomed banks.
Blind Pools' Stalk Bad Banks
Wall Street Journal, The | 11 days 22 hours 14 minutes ago
Former bank executives are returning to the battered industry to bid on failed financial institutions, putting them in competition with healthy banks and private-equity firms for the rising number of doomed banks.
Fallout Forces Scramble for New Sources of Cash
Wall Street Journal, The | 25 days 15 minutes ago
A bankruptcy of CIT Group Inc. is unlikely to derail the broad economy, but that's cold comfort to tens of thousands of business customers the century-old lender serves.
From O'Neal to Peek: Worldwide Financial Crisis Claims 23 CEOs, Chairmen
Bloomberg | 42 days 7 hours 9 minutes ago
Oct. 13 (Bloomberg) -- CIT Group Inc. said Chairman and Chief Executive Officer Jeffrey Peek, 62, will step down at the end of this year, becoming the 23rd CEO or chairman to leave a major U.S. financial company since the credit crisis began 27 months ago.
FACTBOX-Largest U.S. bankruptcies
Forbes | 23 days 6 hours 21 minutes ago
NEW YORK, Nov 1 (Reuters) - CIT Group Inc, a major lender to small and mid-sized U.S. businesses, on Sunday filed Article Controlsemail
WaMu seeks turnover of deposits from JPMorgan - AP - NOLA.com
Times-Picayune (New Orleans), The | 33 days 20 hours 1 minute ago
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Bank closures: California bank becomes 99th to fail in 2009
Orlando Sentinel (Fla.) | 38 days 11 hours 12 minutes ago
NEW YORK — Regulators shut down San Joaquin Bank in California on Friday, marking the 99th failure this year of a federally insured bank.
California Home Mortgage Defaults Jump 19% in Quarter, Dataquick Reports
Bloomberg | 35 days 9 hours 5 minutes ago
Oct. 20 (Bloomberg) -- Default notices on California home mortgages rose almost 19 percent in the third quarter from a year earlier as job losses and falling property prices deepened the state's housing recession, MDA DataQuick said.
FACTBOX-CEO departures during financial crisis
Reuters | 42 days 6 hours 18 minutes ago
Oct 13 (Reuters) - CIT Group Inc (CIT.N) said Chief Executive Jeffrey Peek plans to retire at the end of the year, the latest in a series of high-level departures from financial institutions during the financial crisis. CIT said its board is forming a committee to search for a successor. [ID:nN137281]
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 |
