Tagged: FDIC

2:11pm

Tue June 26, 2012
Business

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

Credit 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.

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3:14pm

Thu March 17, 2011
Bank Failure Fallout

FDIC sues 3 former top executives of failed WaMu

Credit 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.

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