washington mutual

The FDIC may have special powers but it only allowed one biggish dismemberment during the crisis, that of Washington Mutual.

On Sept . 9 , Bair decided that she had to call the CEO of Washington Mutual to warn him of a disagreement over the bank's ratings .

The bank also is expected to provide a strong showing from retail branches that it acquired last fall from failed thrift Washington Mutual.

Other banks, including Morgan Stanley and Washington Mutual, looked as if they would suffer the same fate.

"I got a message that I was now a JPMorgan customer, that Washington Mutual no longer existed, " she says.

Becky Groom always wanted to volunteer, but she had little time for it during her 19 years in business operations at Washington Mutual.

Instead, the bank rewarded salespeople at Washington Mutual for making large volumes of loans, and enticing them with trips.

Under the leadership of Jamie Dimon, the bank has rescued Bear Stearns on Wall Street and Washington Mutual, a mortgage lender.

But it is not clear it needs to cover other creditors of a bank, as the failures of IndyMac and Washington Mutual attest.

John Graybill, another Washington Mutual employee said he is optimistic.

During the current financial crisis, Seattle-based lender Washington Mutual became the biggest bank to fail in the U. S. history.

It also said earnings expectations are "on track" from its September purchase of the banking units of failed lender Washington Mutual Inc.

Worries about Washington Mutual, where rescue rumours had become worryingly cold, would also have to wait.

He was ousted a few weeks before the U. S. government sold Washington Mutual's banking operations to J. P. Morgan in September 2008.

Washington Mutual boosted its capital position by raising $7 billion in a sale of new shares to investors led by TPG, a private-equity firm.

A local bank, Washington Mutual, known throughout the state as "WaMu" , became America's biggest banking failure.

America's Washington Mutual has done itself no harm by selling coffee and what-not in its branches.

The program will also be offered to customers with loans held by Washington Mutual Inc. and EMC.

But the bail-out of Washington Mutual hit both shareholders and senior-debt holders.

Some analysts say a Washington Mutual failure could have used up half the money in the government insurance fund.

But their punishment was widely derided as a mistake when Washington Mutual and Lehman failed.

This left Mr Dimon free to snap up tottering rivals including Bear Stearns, an investment bank, and Washington Mutual, a thrift.

And much of the losses stemmed not from trading but fromstraightforward bad lending (think of Washington Mutual, Wachovia andHBOS).

The firm also represented Wachovia and Washington Mutual before both banks were swallowed up by their brethren.

Washington Mutual, a Seattle-based thrift, has suffered the largest share-price decline of the ten.

at Washington Mutual, holders of unsecured debt were made to bear losses.

Last week Washington Mutual, a thrift saddled with rotten mortgages, became the largest-ever American lender to fail.

On Friday, Washington Mutual filed a reorganization plan to implement the agreement, even though the FDIC has yet to sign on.

TPG, one of the world's largest private-equity firms, lost $1. 35 billion on struggling thrift Washington Mutual Inc.

That same week derivatives markets put the odds of default for Washington Mutual, a large thrift (or savings bank), at 85%.

But among them was Washington Mutual, the biggest bank collapse in American history.

and Washington Mutual, the biggest bank to go under in US history.

In America's biggest banking failure, Washington Mutual was seized by federal regulators and its banking operations sold to JPMorgan Chase.

Last week Washington Mutual became the largest-ever American bank to fail.

Those included $2 billion in charges related to the acquisition of Washington Mutual, the troubled savings and loan.

In September 2008, Washington Mutual was seized by regulators and sold to J. P. Morgan Chase & Co. (JPM).

What's more, tax refunds that are due Washington Mutual -- about $5. 6 billion -- are its biggest asset.

That left two patients, AIG, once the world's biggest insurer, and Washington Mutual, a big savings and loans business. Signals were mixed.

Even after it receives the tax refunds, Washington Mutual will have unused operating losses it can apply to future earnings.

Even allowing for the few (like Washington Mutual) that don't get counted because they went bankrupt, the results are eye-opening.

Shares of Washington Mutual traded at 15 cents in Monday afternoon.

According to internal Washington Mutual documents, the fraud rate for mortgages from those two offices was 58% and 83%.

Washington Mutual, a big thrift, is fighting for survival under a new boss.

Washington Mutual, based in Seattle, fell 32 per cent to $3. 36, a 17-year low.

About 3, 400 people in Seattle lost their jobs when a stumbling Washington Mutual was suddenly sold to J. P. Morgan Chase &Co. last year.

7 billion: customer deposits withdrawn from Washington Mutual in an eight-day period in 2008