JPMorgan buys WaMu |
 Sep 26 2008, 09:17 AM
Post
#1
|
|
 I'm Jc  Group: Mentor Posts: 13,619 Joined: Jul 2006 Member No: 437,556  |
QUOTE In the biggest bank failure in history, JPMorgan Chase will acquire massive branch network and troubled assets from Washington Mutual for $1.9 billion. NEW YORK (CNNMoney.com) -- JPMorgan Chase acquired the banking assets of Washington Mutual late Thursday after the troubled thrift was seized by federal regulators, marking the biggest bank failure in the nation's history and the latest stunning twist in the ongoing credit crisis. Under the deal, JPMorgan Chase will acquire all the banking operations of WaMu, including $307 billion in assets and $188 billion in deposits. WaMu becomes the 13th bank to fail so far this year and earns the title of the nation's biggest bank failure by assets on record, ahead of Continental Illinois, which had about $40 billion in assets when it failed in May of 1984. setting records |
|
|
|
 |
Replies
|
Oct 15 2008, 02:59 PM
Post
#2
|
|
 Tick tock, Bill Group: Administrator Posts: 8,764 Joined: Dec 2005 Member No: 333,948 |
lol I'm far too private. I mean sure, I'll post things on a forum but blasting my family on the news is an entirely different matter.
Besides, it's filed and I have painfully learned a valuable lesson. |
|
|
|
Posts in this topic
brooklyneast05 JPMorgan buys WaMu Sep 26 2008, 09:17 AM
superstitious I owe them a couple grand.
*crosses fingers for... Sep 26 2008, 09:30 AM superstitious f**k them. They sold my debt and the purchaser su... Oct 15 2008, 02:22 PM superstitious Oh get a load of this... collectors are coming out... Oct 15 2008, 02:47 PM
 |
1 User(s) are reading this topic (1 Guests and 0 Anonymous Users)
0 Members: