Washington Mutual, Inc.
News and overview for Washington Mutual, Inc.
Judge delays ruling on WaMu turnover request
Richmond Times-Dispatch (Va.) | 16 days 16 hours 9 minutes ago
WILMINGTON, Del. (AP) -- 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.
FDIC seeks $3.7 bln at center of WaMu-JPMorgan fight
Reuters | 2 days 14 hours 9 minutes ago
WILMINGTON, Del., Nov 5 (Reuters) - The Federal Deposit Insurance Corp asked a court for control over $3.7 billion claimed by both bankrupt holding company Washington Mutual Inc and JPMorgan Chase & Co (JPM.N), according to court documents.
Industry Experts Join University of Maryland's Robert H. Smith School of Business to Lead New Center for Financial Policy [Press Release]
PRNewswire | 88 days 19 hours 35 minutes ago
...s Council of Economic Advisors for Washington State, a member of the University of Washington Business School Advisory Board and a...served as chief financial office of Washington Mutual, Inc. for most of the period from 1982 to...
Washington Mutual argues JPMorgan owes it $4 billion
Reuters | 16 days 5 hours 51 minutes ago
WILMINGTON, Delaware (Reuters) - Washington Mutual Inc (WAMUQ.PK) told a federal judge on Thursday that JPMorgan should be forced to return more than $4 billion to the bankrupt holding company, whose bank was seized by regulators and sold to JPMorgan.
UPDATE 1-Washington Mutual argues JPMorgan owes it $4 bln
Reuters | 16 days 16 hours 8 minutes ago
WILMINGTON, Del., Oct 22 (Reuters) - Washington Mutual Inc (WAMUQ.PK) told a federal judge on Thursday that JPMorgan should be forced to return more than $4 billion to the bankrupt holding company, whose bank was seized by regulators and sold to JPMorgan.
Washington Mutual Argues JPMorgan Owes It $4 Billion
ABC News | 16 days 16 hours 19 minutes ago
WILMINGTON, Delaware (Reuters) - Washington Mutual Inc told a federal judge on Thursday that JPMorgan should be forced to return more than $4 billion to the bankrupt holding company, whose bank was seized by regulators and sold to JPMorgan.
A look at the top 10 US bankruptcies -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 6 days 11 hours 24 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.
IMS Gets $4 Billion Leveraged Buyout
Wall Street Journal, The | 2 days 4 hours 8 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
Orlando Sentinel (Fla.) | 6 days 11 hours 26 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 hears arguments in fight between WaMu and JPMorgan over deposits
Star Tribune (Minneapolis-St. Paul, Minn.) | 16 days 16 hours 18 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 | 16 days 16 hours 17 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.
Lender CIT Group seeks bankruptcy
Philadelphia Inquirer, The | 6 days 2 hours 18 minutes ago
WASHINGTON - After struggling for months to avert bankruptcy, lender CIT Group Inc.
Turning Out The Lights: ProQuo
Wall Street Journal, The | 4 days 10 hours 41 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.
Judge Delays Ruling on WaMu Turnover Request
ABC News | 16 days 16 hours 19 minutes ago
Judge hears arguments in fight between WaMu and JPMorgan over deposits
Sun Life narrows loss
Canada.com | 2 days 21 hours 28 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.
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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 |