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- Despite its size – the bank had $307 billion in assets – it wasn’t quite big enough to be considered “Too Big To Fail.” So on Sept. 25, 2008, federal regulators marched into its headquarters in Seattle and seized the bank, turning over its assets to JPMorgan Chase for $1.9 billion.
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Apr 13, 2010 · Washington Mutual has faded from the headlines eighteen months on from its collapse — but legislators plan to attack the insurer giant’s ‘unfair’ and ‘unnecessary’ failure at a Senate...
- Joseph Cotterill
Sep 13, 2018 · Nearly ten years after it filed for bankruptcy, Washington Mutual's overall rating has seen a steady climb from former WaMu employees, including some who filed Glassdoor reviews while working...
Jun 20, 2012 · Despite its size – the bank had $307 billion in assets – it wasn’t quite big enough to be considered “Too Big To Fail.” So on Sept. 25, 2008, federal regulators marched into its headquarters in...
Mar 11, 2023 · The collapse of SVB this week, which has huge implications for the tech industry, ranks second only to the failure of Seattle-based Washington Mutual back in 2008, during the global financial...
It may be that Washington Mutual reached a tipping point where it was simply too large as a traditional savings and loan, heavily dependent on home loans and consumer accounts, and needed...
Oct 12, 2021 · The fifth was WaMu's moderate size. It wasn't big enough to be too big to fail. As a result, the U.S. Treasury or the Federal Reserve wouldn't bail it out like they did Bear Stearns or American International Group.
Dec 13, 2011 · Washington Mutual Inc, the biggest bank to fail in U.S. history, said it reached a settlement in a dispute between shareholders and certain creditors that had prevented the bank from emerging...
