JPMorgan Chase
Search results
Washington Mutual, Inc. (often abbreviated to WaMu) was an American savings bank holding company based in Seattle. It was the parent company of WaMu Bank, which was the largest savings and loan association in the United States until its collapse in 2008.
Washington Mutual Bank offers personalized and consumer-centric international banking services, such as payments, transfers, investments, and more. Experience next-level banking solutions across borders with fast, safe, and low-cost options.
Oct 12, 2021 · Learn how Washington Mutual, a conservative savings and loan bank, failed in 2008 due to subprime mortgages, housing market collapse, and deposit run. Find out who took over WaMu, who suffered the losses, and how the bank was sold to JPMorgan Chase.
- Kimberly Amadeo
Aug 17, 2023 · Washington Mutual (WaMu) was the largest savings and loan association in the U.S. before it collapsed in 2008 due to subprime lending and mortgage-backed securities. JPMorgan Chase bought WaMu in a secret auction by the Federal Reserve to avoid a wider financial crisis.
Jun 20, 2012 · Kirsten Grind, author of "The Lost Bank", reveals the inside story of Washington Mutual, the biggest bank failure in American history. She explains how WaMu's lack of political clout and its CEO's reluctance to sell to JPMorgan Chase contributed to its downfall.
Sep 26, 2008 · In the biggest bank failure in U.S. history, Washington Mutual Bank was seized late Thursday by federal regulators and immediately sold to JPMorgan Chase & Co. for $1.9 billion.
People also ask
What happened to Washington Mutual?
Is Washington Mutual a commercial bank?
How can Washington Mutual Bank help your business?
How much money does Washington Mutual have?
Is Washington Mutual Bank publicly owned?
Does Washington Mutual have a branch in Everett & Lynnwood?
Jun 21, 2024 · Washington Mutual Bank was sold to JPMorgan Chase in 2008 after being closed by OTS and FDIC. Find out how to access your accounts, claim your deposits, and contact your new bank.
