Still mad about Chase's takeover of WaMu? You should be, author says

Ashley Gross — Tue, 26 Jun 2012 21:11:20 +0000

J.P. Morgan Chase’s recent multi-billion dollar trading loss has knocked the bank far down the list of world’s most respected companies, according to the financial magazine Barron’s.

That just adds to the company’s already tarnished reputation in the Northwest because of the way it took over Washington Mutual in a fire sale during the darkest days of the financial crisis in 2008. And that animosity is warranted, one expert says.

FDIC sues 3 former top executives of failed WaMu

The Associated Press — Thu, 17 Mar 2011 22:14:52 +0000

Federal bank regulators have sued three former top executives of Washington Mutual (WaMu), the biggest U.S. bank ever to fail, accusing them of negligence in allowing risky mortgage lending and seeking $900 million in damages.