iOS app Android app

Washington Mutual

Life After Wall Street

Alicia Whitaker | Posted 05.25.2011 | New York
Alicia Whitaker

It's no secret that thousands of former Masters/Mistresses of the Universe have left Wall Street since last year's meltdown.

CIT Group 'Too Big Too Fail'?

nytimes.com | JULIE CRESWELL and STEPHEN LABATON | Posted 05.25.2011 | Business

The CIT Group is one of the nation's biggest lenders to small businesses. But a debate is swirling in Washington over whether it is large enough -- or...

The Greatest Generation Takes a Sip of Bourbon

B. Jeffrey Madoff | Posted 05.25.2011 | Business
B. Jeffrey Madoff

The significance of every generation will be examined, interpreted and reinterpreted, but in reality, the distinctions between them aren't so clear.

Washington Mutual Sues FDIC For Over $13 Billion

Reuters | Posted 05.25.2011 | Business

Washington Mutual Inc, the failed U.S. savings and loan, has sued the Federal Deposit Insurance Corp for well over $13 billion in connection with the ...

Shuttered Bank Branch on 53rd a Window on Credit Crisis

David Hoyt | Posted 05.25.2011 | Chicago
David Hoyt

No one wants to visit a downtown full of bank branches, a district that closed at 5PM and had displaced the very businesses that would take all the money withdrawn from conveniently located ATMs.

Save the Jeep; Save the Nation

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

Congress cannot let the Jeep die in bankruptcy. Congress must not fail the U.S. auto industry. Doing so would be abandoning the core of the American economy -- manufacturing.

57 Area Washington Mutual Branches Closing

Chicago Tribune | Becky Yerak | Posted 05.25.2011 | Chicago

JPMorgan Chase plans to close 57 Washington Mutual branches in the Chicago area by March 24 as part of its recent acquisition of the failed thrift tha...

Great Reporting of a Sad Story

Jim Randel | Posted 05.25.2011 | Business
Jim Randel

If any citizen of this country presents a false loan application to a bank and then gets approved and the bank loses money, that applicant may well be prosecuted for bank fraud.

Washington Mutual: Fall Of The Yes Men

New York Times | PETER S. GOODMAN and GRETCHEN MORGENSON | Posted 05.25.2011 | Business

As a supervisor at a Washington Mutual mortgage processing center, John D. Parsons was accustomed to seeing baby sitters claiming salaries worthy of c...

Toyota Republicans Should Cut Their Own Pay

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

Clearly the allegiance of the Republicans who opposed the loan to save GM and Chrysler is not with the US, which would lose 900,000 jobs if just GM closed, and more than 2.1 million if the Big Three did.

JPMorgan To Cut 9,200 Washington Mutual Jobs

Reuters | Posted 05.25.2011 | Business

JPMorgan Chase & Co on Monday said it will eliminate about 9,200 jobs at the former Washington Mutual Inc, which on Sept 25 became the largest U.S. ba...

WaMu Loan Officers Punished For Not Approving Dubious Loans

New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | Business

AS a senior mortgage underwriter, Keysha Cooper was proud of her ability to spot fraud and other problems in a loan application. A decade of vetting m...

JPMorgan's Dimon Talks About His New $25B

DealBook | Posted 05.25.2011 | Business

"We did not think JPMorgan should be selfish or parochial and try to stop what is good for the system," he said. Of course, there have also been repo...

WaMu: Save the Whales!

Jessica Olien | Posted 05.25.2011 | Business
Jessica Olien

I realized I needed money for my five or six weekend cans of Schlitz, which I've taken to drinking since the economy tanked.

WaMu May File For Bankruptcy Shortly, Merrill Lynch Says

Reuters | Posted 05.25.2011 | Business

(Reuters) - Washington Mutual (WM.N: Quote, Profile, Research, Stock Buzz) may file for bankruptcy shortly, said Merrill Lynch analyst Kenneth Bruce t...

Eighty Percent Of Washington Mutual Chicago Branches Could Close: Report

Crain's Chicago Business | Ann R. Weiler, Alby Gallun and Lorene Yue | Posted 05.25.2011 | Chicago

"J. P. Morgan Chase & Co. is likely to shut down all but 15% to 20% of Washington Mutual Inc.'s Chicago-area branches, according to the real estate br...

Chase Buys Washington Mutual: Fewer Chicago Branches?

Chicago Tribune | Posted 05.25.2011 | Chicago

The shotgun acquisition of Washington Mutual by JPMorgan Chase & Co. to prevent the former's collapse could mean the consolidation of a number of bank...

Sam Stein

Administration Official: Bailout Likely, McCain Lost PR Battle

HuffingtonPost.com | Sam Stein | Posted 05.25.2011 | Politics

Concerned that the public relations battle had turned against their favor, John McCain and the group of conservatives who opposed the outlines of the ...

Washinton Mutual Sale Still Looms

New York Times | Eric Dash and Andrew Ross Sorkin | Posted 05.25.2011 | Business

Federal regulators are moving quickly to broker a deal for Washington Mutual as the savings-and-loan comes under mounting financial pressure, accordin...

Citi Weighs Washington Mutual Takeover Bid

Wall Street Journal | David Enrich and Robin Sidel | Posted 05.25.2011 | Business

Citigroup Inc., moving to take advantage of the turmoil that is hobbling banks throughout the U.S., is considering making a bid for Washington Mutual ...

Washington Mutual Still Weighing Sale: Report

Reuters | Posted 05.25.2011 | Business

Washington Mutual Inc, the large U.S. savings and loan beleaguered by mortgage losses, continues to explore all options, such as talking to potential ...

Colbert's Predatory Alien Financial Advisor Recommends Buying Washington Mutual (VIDEO)

Colbert Report | Posted 05.25.2011 | Business

In the middle of serious economic mayhem, it's good to know that at least one respectable journalist has kept a cool head. Stephen Colbert consults h...

Back When ...

James Berman | Posted 05.25.2011 | Business
James Berman

It makes more sense to invest for the probability that the world will outlive this collapse -- as surely as it did all others in history -- instead of for the remote possibility that the apocalypse is finally upon us.

Washington Mutual Close To Securing $5 Billion From Investors

Reuters Via CNBC | Posted 05.25.2011 | Business

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 ...