BUSINESS
04/15/2008 05:12 am ET | Updated May 25, 2011

Washington Mutual Close To Securing $5 Billion From Investors

U.S. private equity firm TPG and other investors are near a deal to invest around $5 billion in U.S. thrift Washington Mutual, a source familiar with the situation said.

A deal is yet to be finalized but an announcement could come as soon as Monday, the source said.

The Wall Street Journal said the other investors include large shareholders of the Seattle-based lender and may also involve other buyout firms, but noted that an agreement was yet to be finalized.

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