iOS app Android app

Washington Mutual

The Lessons of Repealing Glass Steagall

Dennis M. Kelleher | Posted 11.11.2015 | Business
Dennis M. Kelleher

Protecting the American people from another devastating financial crash and the economic wreckage it causes begins with reflecting honestly about the past and trying to learn the right lessons.

JPMorgan Goes After Feds For More Than $1 Billion

Reuters | Posted 02.17.2014 | Business

By Bernard Vaughan NEW YORK, Dec 17 (Reuters) - JPMorgan Chase & Co sued the Federal Deposit Insurance Corporation in federal court ...

JPMorgan's Possible $11 Billion Settlement Just Got More Complicated

Reuters | Karen Freifeld and Emily Flitter | Posted 10.01.2013 | Business

NEW YORK (Reuters) - JPMorgan Chase & Co's possible $11 billion settlement of government mortgage probes has been complicated by a dispute with the Fe...

Zach Carter

Third Of Richest CEOs Were Getting Paid Taxpayer Dollars | Zach Carter | Posted 08.28.2013 | Politics

WASHINGTON -- More than one-third of the nation's highest-paid CEOs from the past two decades led companies that were subsidized by American taxpayers...

Wall Street's Bamboo Lounge Bust-Out

Joel Sucher | Posted 07.08.2013 | Business
Joel Sucher

Anyway, I never gave much thought to Goodfellas being a cinematic template for the kinds of schemes, scams and financial shenanigans pulled off by the Wall Street mob until recently.

Pissing Away Taxpayer Money in Texas

Jason Stanford | Posted 01.16.2013 | Politics
Jason Stanford

In Texas, we pay welfare moms with three kids $260 a month. In other words, our welfare moms don't have enough money to buy drugs or enough time to take them. But don't worry, Rick Perry has a solution for a problem that doesn't exist.

Catherine New

Credit Unions Can Thank WaMu For Kicking Off Bank Exodus | Catherine New | Posted 08.02.2012 | Money

Long before Occupy Wall Street protesters were doling out Big Bank Haterade, Main Street customers were steadily moving their money out of banks and i...

Collapsed Mortgage Lender Allegedly Tried To Inflate Home Values

Reuters | Posted 09.10.2012 | Business

* eAppraiseIT is on trial for bowing to WaMu pressure * Rare government case in the housing crisis * Expert testifies an...

Catherine New

Look What's Headed For Extinction | Catherine New | Posted 06.11.2012 | Money

The local savings-and-loan bank -- a bastion of lending for homeowners -- is well on its way to becoming extinct, according to a report from a financ...

Ex-Banker Writes 'Cautionary Tale' Based On The Hobbit

Reuters | Posted 06.20.2012 | Business

By Lou Carlozo CHICAGO, April 20 (Reuters) - Since T.S. Eliot's brief career at Lloyds Bank of London, the connections...

Astoria Characters: The Banker Everybody Loves

Nancy Ruhling | Posted 04.22.2012 | New York
Nancy Ruhling

For Michael Serao, banking isn't all about money. It's about helping people enrich their lives.

BofA's Appalling Foreclosure Battle With Paralyzed Man

The Huffington Post | Harry Bradford | Posted 01.12.2012 | Business

A quadriplegic man in Oregon has been battling banks to keep his home since 2003. And just when he thought the fight was finally over, Bank of America...

Firm That Extracted Billions From BofA Sets Its Sights On JPMorgan

Posted 12.16.2011 | Business

A law firm that led mortgage bondholders to extract a $8.5 billion settlement from Bank of America Corp is turning its sights on JPMorgan Chase & ...

Catherine New

In WaMu Settlement, An Easy Way Out For Former Executives | Catherine New | Posted 12.13.2011 | Business

In what essentially amounts to pocket change when compared to the billions that Washington Mutual made in risky loans, three former top executives of ...

WaMu, Biggest Bank Failure In U.S. History, Reaches Settlement

AP | Posted 12.13.2011 | Business

SEATTLE -- Bank holding company Washington Mutual Inc. has agreed to a settlement with some creditors involved in its Chapter 11 bankruptcy case and h...

JPMorgan Chase Fined Over Recommending Risky Investments

Posted 11.15.2011 | Business

A U.S. regulator ordered JPMorgan Chase & Co to pay $3.62 million in fines and reimbursement for recommending investments linked to junk bonds to ...

Democratic Senator Takes On Wall Street Behind The Scenes

The New York Times | Timothy Egan | Posted 01.11.2012 | Politics

SEATTLE -- Crawling along a ledge leading to the 13,775-foot summit of Grand Teton two months ago, Senator Maria Cantwell, Democrat of Washington, pau...

How Controversial Perry Plan Backfired

AP | JACK GILLUM | Posted 12.03.2011 | Politics

WASHINGTON — As Texas governor, Rick Perry spent tens of millions in taxpayer money to lure some of the nation's leading mortgage companies to e...

WaMu Settles Class-Action Securities Fraud Lawsuit

Posted 08.31.2011 | Business

Washington Mutual Inc's (WAMUQ.PK) officers, directors, underwriters and auditor have agreed to a $208.5 million settlement to end class-action se...

JPMorgan Chase Pushes Out Mortgage Head David Lowman

Posted 08.14.2011 | Business

JPMorgan Chase & Co has pushed out its head of home lending, David Lowman, who was sidelined in February after the bank racked up billions of doll...

Chris Kirkham

Well Aware Of Bubble, WaMu Boosted Bad Loans, Report Finds | Chris Kirkham | Posted 06.14.2011 | Business

NEW YORK -- Top executives at Washington Mutual actively boosted sales of high-risk, toxic mortgages in the two years prior to the bank's collapse in ...

Senate Panel Slams Goldman Sachs

Reuters | Kevin Drawbaugh | Posted 06.13.2011 | Business

April 14, 2011 12:38:56 AM By Kevin Drawbaugh WASHINGTON (Reuters) - In the most damning official U.S. report yet produced on Wall Street's ...

Ex-WaMu Execs Sued By FDIC For Gross Negligence Over Bank's Collapse - READ The Lawsuit

Posted 05.25.2011 | Business

Note: read the full complaint filed by the FDIC below. WILMINGTON, Del., March 17 (By Tom Hals) - A U.S. government regulator sued three former...

Bank Bailouts: 'The Screwing Of The American People' (VIDEO)

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011 | Business

In a video exploration of the bank bailouts, two cute creatures decide the bank bailouts amount to "the screwing of the American people." In the n...

Most States Bypass Judges In Foreclosure Process

Bloomberg | Margaret Cronin Fisk | Posted 05.25.2011 | Business

Two years before dementia forced her to move into a nursing care facility, Dorothy Halstien obtained a $73,000 loan from Washington Mutual Inc. secure...