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Washington Mutual was a large American savings bank that failed in 2008 due to a bank run and subprime losses. It was seized by the OTS and FDIC, sold to JPMorgan Chase, and filed for bankruptcy.
Aug 17, 2023 · Washington Mutual (WaMu) was the largest savings and loan association in the U.S. before it collapsed in 2008 due to subprime lending and mortgage-backed securities. Learn how WaMu became the poster child for irresponsible lending and predatory loans, and who bought it from the FDIC.
Aug 23, 2024 · Learn how WaMu, a conservative savings and loan bank, failed in 2008 due to subprime mortgages, housing market collapse, and bank run. Find out who took over WaMu, who suffered the losses, and why it was not bailed out.
Jun 20, 2012 · Kirsten Grind, author of "The Lost Bank", reveals the inside story of Washington Mutual, the biggest bank failure in U.S. history. She explains how WaMu's lack of political clout and its CEO's reluctance to sell to JPMorgan Chase contributed to its downfall.
Sep 25, 2008 · The FDIC was appointed the Receiver of WAMU in 2008 and transferred its assets and liabilities to JPMC. The Receiver settled several lawsuits with JPMC, DBNTC, and FDIC-C, and paid out $645 million to JPMC and $3 billion to DBNTC.
Sep 24, 2008 · Unclaimed Deposits. Please note that any deposits that have not been claimed within 18 months of the failure of Washington Mutual Bank FSB was sent to the FDIC by JP Morgan Chase Bank as acquirer of Washington Mutual Bank, FSB on April 15th, 2010.
Sep 26, 2008 · Washington Mutual, the giant lender that came to symbolize the excesses of the mortgage boom, was seized by federal regulators on Thursday night, in what is by far the largest bank failure in...
