FDIC

Money Matters
5:00 am
Tue June 11, 2013

Could your money-market fund 'break the buck'?

Tracy O flickr.com

If you think the money in your money-market mutual fund is as safe as the cash in an FDIC insured bank account, think again.

Although money funds have been very safe investments in the past, there's always the possibility they could drop in value or "break the buck".

Federal regulators are considering new rules that could impact the cash you park in money-market funds. But it looks like the targets at this point are funds catering only to corporations and other large institutional investors.

Read more
Business
2:11 pm
Tue June 26, 2012

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

Kerry Lammert Flickr

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.

Read more
Bank Failure Fallout
3:14 pm
Thu March 17, 2011

FDIC sues 3 former top executives of failed WaMu

Kerry Killinger, former Washington Mutual Bank president, chief executive office and chairman of the board, testifies on April, 2010 before a Senate subcommittee.
Cliff Owen AP

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.

Read more