Washington Mutual, Inc.
News and overview for Washington Mutual, Inc.
Yet another bank fails
InvestmentNews | 36 days 17 hours 5 minutes ago
San Joaquin Bank is teh 99th federally insured bank to fail this year
Calif. bank becomes 99th in US to be shut in 2009
Seattle Times, The | 38 days 6 hours 29 minutes ago
NEW YORK Regulators have shut down San Joaquin Bank in California, marking the 99th failure this year of a federally insured bank. The Federal Deposit Insurance Corp. was appointed receiver of San Joaquin Bank, based in Bakersfield, Calif. It had $775 million in assets and $631 million in deposits as of Sept. 29.
UPDATE 1-Raymond James starts JPMorgan with strong buy
Reuters | 46 days 14 hours 16 minutes ago
Oct 9 (Reuters) - Raymond James began coverage on JPMorgan Chase & Co (JPM.N) with a "strong buy", saying the bank is poised to benefit from acquisitions, organic growth and market share gains.
Investors to companies: Show us higher sales
Seattle Times, The | 45 days 12 hours 18 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 3rd-quarter earnings start flowing in, investors want higher sales as well as profits
Star Tribune (Minneapolis-St. Paul, Minn.) | 45 days 11 hours 36 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 12 hours 19 minutes ago
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Starwood/TPG team wins Corus asset auction: source
Yahoo! | 48 days 1 hour 11 minutes ago
NEW YORK (Reuters) – A group of investors led by Starwood Capital Group and private equity firm TPG (TPG.UL) have won the auction for assets of failed Corus Bank, in a deal that will see them invest about $554 million, a source familiar with the situation said on Tuesday.
Value Line, execs paying $45M to settle with SEC
Philadelphia Inquirer, The | 20 days 6 hours 30 minutes ago
WASHINGTON - Investment adviser Value Line Inc., its CEO and its former compliance chief have agreed to pay about $45 million to settle regulators' allegations the firm charged more than $24 million in bogus commissions on mutual fund trades.
Value Line, CEO, ex-compliance chief paying $45M to settle SEC charges over fund trades fees
Star Tribune (Minneapolis-St. Paul, Minn.) | 20 days 6 hours 33 minutes ago
WASHINGTON - Investment adviser Value Line Inc., its CEO and its former compliance chief have agreed to pay about $45 million to settle regulators' allegations the firm charged more than $24 million in bogus commissions on mutual fund trades.
Community Mortgage Lenders of America Warns: Congress Will Pull the Plug on Main Street Lenders [Press Release]
Business Wire | 1 day 6 hours 53 minutes ago
The Community Mortgage Lenders of America (CML America) today released a letter (see the attached) to congressional leaders warning that proposals under consideration by Congress will have a devastating effect on mortgage lending and increase risk in the mortgage system.
Signature Bank to Present at 2009 FBR Capital Markets Fall Investor Conference [Press Release]
Business Wire | 21 hours 44 minutes ago
Signature Bank (Nasdaq: SBNY), a New York-based full-service commercial bank, announced today that its management plans to present its corporate story at the upcoming 2009 FBR Capital Markets Fall Investor Conference.
Zacks Analyst Blog Highlights: CIT Group Inc., Dean Foods, Frontier Communications, Verizon Communications and Time Warner Cable [Press Release]
Business Wire | 21 days 9 hours 44 minutes ago
Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: CIT Group Inc. (NYSE: CIT), Dean Foods (NYSE: DF), Frontier Communications (NYSE: FTR), Verizon Communications (NYSE: VZ) and Time Warner Cable (NYSE: TWC).
Zacks Analyst Blog Highlights: JPMorgan Chase, Fifth Third Bancorp, Zions Bancorp, SunTrust Banks and PNC Financial [Press Release]
Business Wire | 7 days 9 hours 44 minutes ago
Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: JPMorgan Chase (NYSE: JPM), Fifth Third Bancorp (Nasdaq: FITB), Zions Bancorp (Nasdaq: ZION), SunTrust Banks (NYSE: STI) and PNC Financial (NYSE: PNC).
Too-big-to-fail measures too late? Darrell Delamaide's Political Capital - MarketWatch
MarketWatch | 26 days 13 hours 56 minutes ago
And that's because the bailout itself has produced behemoths of such market dominance that it's scarcely imaginable they could ever be dismantled even with the new "resolution authority" sought by the government.
Applied Materials to buy Semitool for $364 millon - MarketWatch
MarketWatch | 7 days 17 hours 51 minutes ago
The all-cash offer works out to $11 a share, a 31% premium above Semitool's Monday closing price of $8.40. Semitool shares jumped to as much as $10.96 in premarket trading.
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 |