Washington Mutual, Inc.

News and overview for Washington Mutual, Inc.

Investors to companies: Show us higher sales
Seattle Times, The | 45 days 7 hours 2 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...


As third-quarter earnings start flowing in, investors want higher sales as well as profits
Star Tribune (Minneapolis-St. Paul, Minn.) | 44 days 22 hours 19 minutes ago
NEW YORK - It has been clear for some time that business is getting better.


Investors to companies: show us higher sales by The Associated Press
National Public Radio | 44 days 21 hours 18 minutes ago
It has been clear for some time that business is getting better. The coming week will give investors an idea of how much.


As 3rd-quarter earnings start flowing in, investors want higher sales as well as profits
Star Tribune (Minneapolis-St. Paul, Minn.) | 45 days 6 hours 20 minutes ago
NEW YORK - It has been clear for some time that business is getting better.


Investors to companies: Show us higher sales - Nation/World - News & Observer
News & Observer (Raleigh, N.C.), The | 45 days 7 hours 3 minutes ago
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FDIC numbers show customers plant more cash in fewer branches
American City Business Journals | 22 days 21 hours 10 minutes ago
Houston bank vaults have filled up in the past 12 months, but customers have fewer places to stash their cash.


UPDATE 1-Calif. AG seeks bank info on mortgage "time bombs"
Reuters | 26 days 4 hours 56 minutes ago
NEW YORK, Oct 29 (Reuters) - California's attorney general has asked 10 major banks and loan servicers to show how they plan to help homeowners facing huge payment increases on option adjustable-rate mortgages, which he called "ticking time bombs."


OCTOBER 14, 2009, 7:55 A.M. ET J.P. Morgan Profit Surges, but Loan Losses Stay High
Barron's (subscription required) | 41 days 13 hours 51 minutes ago
J.P. Morgan Chase & Co. said third-quarter earnings soared, beating analysts' expectations, as the banking giant was carried again by strong investment-banking results.


U.S. Bancorp's Buying Shows No Signs of Slowing
Wall Street Journal, The | 34 days 23 hours 49 minutes ago
U.S. Bancorp, which has acquired more than $16 billion in assets of failed banks during the past year, hasn't sated its appetite yet.


JPMorgan earns $3.6B, but loan losses remain high
Yahoo! | 40 days 20 hours 39 minutes ago
NEW YORK – JPMorgan Chase & Co. reported strong third-quarter earnings Wednesday as its thriving investment banking business more than offset rising loan losses that the bank warned would continue for the foreseeable future.


Bank closings hit 100 for year; most since 1992
Seattle Times, The | 32 days 4 hours 53 minutes ago
WASHINGTON 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.


U.S. Bank Failures Top 100 For Year by The Associated Press
National Public Radio | 32 days 3 hours 7 minutes ago
Bank closings for the year surpassed 100 on Friday when regulators shut down small banks in Florida and Georgia. Financial institutions nationwide have collapsed under the weight of soured real estate loans and the recession.


Calif. bank becomes 99th in US to be shut in 2009
Fort Worth Star-Telegram (Texas) | 38 days 8 hours 33 minutes ago
By STEPHEN BERNARD AP Business Writer NEW YORK — Regulators shut down San Joaquin Bank in California on Friday, marking the 99th failure this year of a federally insured bank.


AP State Business News
Sacramento Bee (Calif.), The | 38 days 8 hours 55 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.


Calif. Bank Becomes 99th to Shut Down in 2009
Washington Post, The | 38 days 9 hours 4 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.





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2394 Results

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