Washington Mutual, Inc.
News and overview for Washington Mutual, Inc.
J.P. Morgan Profit Surges, but Loan Losses Stay High
Wall Street Journal, The | 41 days 10 hours 38 minutes ago
NEW YORK -- J.P. Morgan Chase & Co. said its third-quarter earnings soared as strong investment-banking results outweighed another sizable provision for loan losses.
Bank closings hit 100 for year, regulators shut down Partners Bank in Florida; most since 1992 -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 32 days 3 hours 31 minutes ago
WASHINGTON (AP) — Bank closings for the year hit 100 on Friday when regulators shut down Partners Bank in Florida . Financial institutions nationwide have collapsed under the weight of soured real estate loans and the Great Recession.
CIT Nears Bankruptcy Filing
Wall Street Journal, The | 23 days 6 hours 49 minutes ago
A CIT bankruptcywould be among the biggest. Here, CIT's NewYork home.] European Pressphoto Agency A CIT bankruptcy would be among the biggest. Here, CIT's New York home.
CIT's Swoon Hits Taxpayers
Wall Street Journal, The | 23 days 6 hours 46 minutes ago
A CIT bankruptcywould be among the biggest. Here, CIT's NewYork home.] European Pressphoto Agency A CIT bankruptcy would be among the biggest. Here, CIT's New York home.
Factbox: Scheme involved 46 deals
Reuters | 26 days 14 hours 34 minutes ago
(Reuters) - Stanko Grmovsek pleaded guilty this week to U.S. and Canadian criminal charges stemming from a 14-year insider trading scheme.
Lender CIT goes bankrupt; Chapter 11 filing is one of biggest in U.S. history » The Commercial Appeal
Commercial Appeal (Memphis, Tenn.), The | 22 days 19 hours 43 minutes ago
Username * Don't have an account? Sign up for a new account
Wells Fargo keeping to the basics in home-mortgage sales
Salt Lake Tribune (Utah), The | 41 days 2 hours 6 minutes ago
Wells Fargo & Co., the biggest U.S. home lender, is boosting profits by selling plain-vanilla mortgages after competitors offering exotic products failed or scaled back, the division head of wholesale lending said.
Wall Street On Track To Award Record Pay
Wall Street Journal, The | 39 days 20 hours 39 minutes ago
Major U.S. banks and securities firms are on pace to pay their employees about $140 billion this year -- a record high that shows compensation is rebounding despite regulatory scrutiny of Wall Street's pay culture.
Bank Failures Top 100 for Year, Most Since 1992
FoxNews.com | 32 days 2 hours 17 minutes ago
The bank failures have cost the federal deposit insurance fund about $25 billion so far this year, and hundreds more bank failures are expected to raise the cost to around $100 billion through 2013
Gregory Kirsch | Crain's Chicago Business
Crain's Chicago Business | 24 days 6 hours 19 minutes ago
39 | Principal | Newmark Knight Frank | Chicago
Bankers' Group Burned
Wall Street Journal, The | 27 days 21 hours 2 minutes ago
A trade group for the mortgage industry has proved itself a poor judge of the commercial real-estate market.
Jamie Dimon doesn't buy into notion that government bailed out JPMorgan Chase
Chicago Tribune | 37 days 11 hours 46 minutes ago
All things considered, Jamie Dimon would rather be seated at Gibsons Steakhouse on Chicago's Near North Side, far from his New York office and the legislative battles of Capitol Hill.
Investors to companies: show us higher sales
Forbes | 44 days 20 hours 37 minutes ago
NEW YORK -- It has been clear for some time that business is getting better. The coming week will give investors an idea of how much.
Investors to companies: Show us higher sales
SeattlePI.com | 45 days 5 hours 35 minutes ago
NEW YORK -- It has been clear for some time that business is getting better. The coming week will give investors an idea of how much.
Investors to companies: Show us higher sales
Seattle Times, The | 45 days 5 hours 35 minutes ago
NEW YORK It has been clear for some time that business is getting better. The coming week will give investors an idea of how much. As earnings reports start to flow in for the July-September quarter, investors are likely to be more exacting than they were a few months ago, when they were pleased by companies' better-than-expected profits for the second quarter. Those results largely came from heavy cost-cutting. This time, investors want signs that companies are finding ways to bring in mor...
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 |
