The Federal Deposit Insurance Corp. seized WaMu on Thursday, and then sold the thrift's banking assets to JPMorgan Chase & Co. for $1.9 billion. Seattle-based WaMu, which was founded in 1889, is the ...

NEW YORK — JPMorgan Chase & Co. Inc. came to the rescue of Washington Mutual Inc. Thursday, buying the thrift's banking assets after WaMu was seized by the Federal Deposit Insurance Corp. in the ...

In a letter to shareholders, JPMorgan’s chief executive admits that his bank contributed to the collapse of the American housing industry, but says that progress is being made to rectify the errors, ...

WILMINGTON, Delaware (Reuters) - Washington Mutual Inc said on Friday that it reached a deal that will bring it roughly $6 billion and help resolve its bankruptcy, but it could leave shareholders in ...

Washington Mutual Inc. may be the largest bank or thrift to fail, but the federal seizure of its operations and their transfer to JPMorgan Chase & Co. isn’t expected to have much negative impact ...

On a financial landscape littered with wreckage, WaMu, a Seattle-based bank that opened branches at a clip worthy of a fast-food chain, stands out as a singularly brazen case of lax lending. By the ...

MILWAUKEE — Washington Mutual is known for its no-thrills, no-fees, unconventional banking with a hip, neighborly feel. Its nickname? WaMu. Its tag line? Whoo hoo! But the recently collapsed bank's ...

NEW YORK, April 28 (Reuters) - Washington Mutual Inc has filed a lawsuit against JPMorgan Chase & Co seeking the return of more than $4 billion in cash deposits which it lost access to when its bank ...

Investors are still spooked after UBS bought its Swiss peer, with confidence in the banking sector in short supply. By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la ...

Seattle-based WaMu, which was founded in 1889, is the largest bank to fail by far in the country's history. Its $307 billion in assets eclipse the $40 billion of Continental Illinois National Bank, ...

Seattle-based WaMu, which was founded in 1889, is the largest bank to fail by far in the country’s history. Its $307 billion in assets eclipse the $40 billion of Continental Illinois National Bank, ...