Washington Mutual, Inc.

News and overview for Washington Mutual, Inc.

Could gender play role in Wall Street reform? David Weidner's Writing on the Wall - MarketWatch
MarketWatch | 7 days 9 hours 28 minutes ago
See, I told you. I bring this up not to get into a gender debate. There isn't one, as far as I'm concerned. Women are better with kids and the checkbook. They don't lose money in Vegas. They can cook a meal without using the microwave. They are psychologically tougher. Women aren't afraid to wear Nikes to work and then put on their dress shoes when they get to the office.


Government Gals take on Wall Street David Weidner's Writing on the Wall - MarketWatch
MarketWatch | 8 days 4 hours 42 minutes ago
See, I told you. I bring this up not to get into a gender debate. There isn't one, as far as I'm concerned. Women are better with kids and the checkbook. They don't lose money in Vegas. They can cook a meal without using the microwave. They are psychologically tougher. Women aren't afraid to wear Nikes to work and then put on their dress shoes when they get to the office.


Dimon's on top and wants to stay that way MarketWatch First Take - MarketWatch
MarketWatch | 11 days 17 hours 26 minutes ago
"Artificial limits may sound simple," Dimon wrote, but "would undermine the goals of economic stability, job creation and consumer service that lawmakers are trying to promote." See Dimon editorial in Washington Post.


Judge delays ruling on WaMu turnover request
Richmond Times-Dispatch (Va.) | 33 days 15 hours 29 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.


Banks' holdings show little shift | floridatoday.com | FLORIDA TODAY
Florida Today (Melbourne) | 10 hours 27 minutes ago
Following a tumultuous year in the U.S. financial services sector, Wachovia Bank remains the bank of choice for Brevard County residents.


TPG Served Tax Bill for $620 Million by Australia
Wall Street Journal, The | 8 hours 18 minutes ago
Australian tax authorities have launched a surprise action against U.S. private-equity firm TPG, a move that could set new precedent for how foreign investors are treated Down Under.


TPG Served Tax Bill For $620 Million By Australia
Wall Street Journal, The | 3 hours 54 minutes ago
Australian tax authorities have launched a surprise action against U.S. private-equity firm TPG, a move that could set a precedent for how foreign investors are treated Down Under.


Industry Experts Join University of Maryland's Robert H. Smith School of Business to Lead New Center for Financial Policy [Press Release]
PRNewswire | 105 days 18 hours 55 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...


Ex-Wall Street brokers choose new beat: NYPD
InvestmentNews | 1 day 14 hours 27 minutes ago
Poor job market, competitive salaries and an ‘unheard of' pension pushes former brokers and execs to join New York's finest


Washington Mutual argues JPMorgan owes it $4 billion
Reuters | 33 days 5 hours 11 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.


Mortgage Note Issues Help Debtors Avoid Foreclosure
Tampa Tribune (Fla.), The | 9 days 9 hours 29 minutes ago
Joe Lents hasn't made a payment on his $1.5 million mortgage since 2002. That's when Washington Mutual Inc. first tried to foreclose on his home in Boca Raton. The Seattle-based lender failed to prove...


UPDATE 1-Washington Mutual argues JPMorgan owes it $4 bln
Reuters | 33 days 15 hours 28 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 | 33 days 15 hours 39 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.


FBR's Miller sees problems for JPM's WaMu deal
Reuters | 6 days 10 hours 3 minutes ago
NEW YORK (Reuters) - JPMorgan Chase & Co's (JPM.N: Quote, Profile, Research, Stock Buzz) acquisition of Washington Mutual Inc's (WAMUQ.PK: Quote, Profile, Research, Stock Buzz) assets last year could still cause some headaches for Chief Executive Jamie Dimon, according to bank analyst Paul Miller at FBR Capital Markets.


FDIC seeks $3.7 bln at center of WaMu-JPMorgan fight
Reuters | 19 days 13 hours 29 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.





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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