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Washington Mutual News

News on Washington Mutual continually updated from thousands of sources around the net.

2 hrs ago | Hispanic Business

Market Predictions Proved to be Tricky Business

At a small, private event at the Metropolitan Grill in January, nine of the region's brightest and most respected financial advisers gathered to sip fine wine, eat prime beef and forecast the financial future.

Comment?

Related Topix: Life, Beef, Food, Meat, Banking, Financial Services, Restaurant Management, Nordstrom, Retail, Apparel, Starbucks, Financial Markets

10 hrs ago | Institutional Investor News

Charlotte, Cleveland To Lose Hometown Banks

Shareholders of Wachovia, in Charlotte, N.C., and National City in Cleveland, will vote on deals to sell their hometown banks to rivals in San Francisco and Pittsburgh, the Wall Street Journal reports .

Comment?

Related Topix: Wachovia Corporation, Banking, Financial Services, National City Corporation, Calabasas, CA

Mon Dec 29, 2008

International Herald Tribune

At Washington Mutual, a relentless urge to approve any loan

SAN DIEGO : "We hope to do to this industry what Wal-Mart did to theirs, Starbucks did to theirs, Costco did to theirs and Lowe's-Home Depot did to their industry.

Comment?

Related Topix: Banking, Financial Services, Restaurant Management, Starbucks, Home, Mortgage, Personal Finance, Prison

2NEWS.TV

3 private investors seek to purchase IndyMac

A trio of private investors - J.C. Flowers & Co., Dune Capital Management and Paulson & Co.

Comment?

Related Topix: Financial Services, Investment Banking, Goldman Sachs Group, Investment Services, Banking

On Wall Street

Fewer Bank Failures than Expected in 2008, but Likely to Rise in 2009

It was a year that saw the fall of Washington Mutual Inc., the largest bank failure in history, the collapse of IndyMac Bank, the most expensive failure in 20 years, and more bank closures than at any time ...

Comment?

Related Topix: Banking, Financial Services, University of Kansas, Deposit, NY

Sat Dec 27, 2008

Seattle Post-Intelligencer

Property prices to rebound in '09, some brokers say

No surprise: Many Seattle-area real estate experts say the market slowdown was the biggest local real estate story of 2008.

Comment?

Related Topix: Seattle Metro, King County, WA, Banking, Financial Services, Mercer Island, WA, Bellevue, WA

Fri Dec 26, 2008

Jewish Federation of Delaware

Globes, Tel Aviv, Israel, Seth Frantzman Column: Corporate Charity...

Dec. 25--Corporate Social Responsibility is one of the most exciting new trends in the business world.

Comment?

Related Topix: Israel, World News, Middle East, Non-Profit, Banking, Financial Services

ABC News

The Biggest CEO Firings of 2008

Another year goes by and more chief executives get the ax--probably more than in any previous year.

Comment?

Related Topix: Banking, Financial Services, Citigroup, Insurance, American International Group, Investment Banking, Lehman Brothers Holdings, Investment Services, Bear Stearns

Thu Dec 25, 2008

Seattle Times

Retail Report | Layoff sets table for rewarding new career

WaiSeng Yau created his line of colorful kitchenware after being laid off from his administrative job at Washington Mutual in 2003.

Comment?

Related Topix: Banking, Financial Services, West Seattle (Seattle, WA), Fremont (Seattle, WA), Queen Anne (Seattle, WA), Ballard (Seattle, WA), Seattle, WA

Tue Dec 23, 2008

Bizjournals.com Internet

JPMorgan wona t take WaMua s Seattle office space

JPMorgan Chase & Co. will officially tell Seattle property owners on Christmas Eve what they've already suspected: The new owner of Washington Mutual will not be taking over the bank's thousands of feet of ...

Comment?

Related Topix: Banking, JP Morgan Chase , Financial Services

Mon Dec 22, 2008

Atlanta Journal-Constitution

Daily Briefing

Motor Trend has voted Ford Motor Co.'s F-150 model truck as its 2009 Truck of the Year, the third time in its production history that the half-ton pickup has taken top billing.

Comment?

Related Topix: Ford F-150, Ford, Automakers, Ford Motor, Banking, Financial Services, Beverages, Anheuser Busch Companies, Drink, Beer

Sat Dec 20, 2008

The Seattle Times

Despite tough economic times, it's still a wonderful life

MANY of us will watch "It's a Wonderful Life" again this year with a little more unease than before.

Comment?

Related Topix: Banking, Financial Services, Seattle Metro, Opinion

Thu Dec 18, 2008

Bloomberg

Mortgage Rates Left in the Dust by Falling Treasury Yields, Failed Lenders

Americans seeking mortgages arena t getting the full benefit of record low yields on Treasuries and government-supported mortgage bonds, blunting U.S. efforts to curb the housing crisis .

Comment?

Related Topix: Home, Mortgage, Personal Finance, Financial Markets, Banking, Financial Services, Fannie Mae

Tue Dec 16, 2008

Pittsburgh Business Times

Wachovia tops J.D. Power survey of home equity lines of credit

Three of the top five banks on a J.D. Power and Associates survey looking at the best home equity lines of credit are either about to be acquired, or have been acquired.

Comment?

Related Topix: Wachovia Corporation, Banking, Financial Services, Advertising, Wells Fargo , National City Corporation, Home, Mortgage

Mon Dec 15, 2008

Commercial Real Estate

Remember Seattle's dot-com bust? Some say this wona t be as bad

There's a point of light in recession's gloom - at least this downturn won't be as bad as the dot-com bust.

Comment?

Related Topix: Financial Services, Banking

Sat Dec 13, 2008

PR-inside.com

Investigation On Behalf Of Certain Washington Mutual, Inc. 5.5% Notes ...

According to a press release a law firm is currently on behalf purchasers of Washington Mutual, Inc 5.5% Notes Due August 24, 2011 during the period October 19, 2005 through July 23, 2008, seeking remedies ...

Comment?

Related Topix: Banking, Financial Services, Corporate / Securities Law, Law

Fri Dec 12, 2008

NorthJersey.com

Bank of America announces plans to lay off up to 35,000 over 3 years

NEW YORK a ' Bank of America Corp. said Thursday that it expects to eliminate 30,000 to 35,000 jobs over the next three years, as it faces a deteriorating economic environment and tries to absorb Merrill Lynch ...

Comment?

Related Topix: Banking, Bank of America, Financial Services, Merrill Lynch and Co, Investment Services, Home, Credit Card Debt, Mortgage, Personal Finance, Citigroup

Thu Dec 11, 2008

The Post-Standard

FDIC chief Sheila Bair sees housing pain into 2010

The housing crisis will drag on at least until 2010, time needed for credit markets to revive and government rescue programs to make an impact, the head of the Federal Deposit Insurance Corp.

Comment?

Related Topix: Financial Services, Foreclosures, Banking

Wed Dec 10, 2008

Kent Reporter

WaMu hands more than 9,000 workers pink slips

It had been in the works since JPMorgan Chase bought the failing Washington Mutual corporation in September, but WaMu employees Monday were finally given word on their future with the company.

Comment?

Related Topix: Financial Services, Banking

Mon Dec 08, 2008

Journal-Register

ALBION: Jobs secure at JP Morgan Chase

The former Washington Mutual on Route 31 in Albion will be keeping its doors open - and keeping close to 850 employed this holiday season.

Comment?

Related Topix: Banking, JP Morgan Chase , Financial Services, Seattle Metro

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