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LATEST STORIES
CIT Files Bankruptcy, and Retailers Get Nervous
AP| U.S.
… alternatives." CIT's Chapter 11 filing is one of the biggest in U.S. corporate history, following Lehman Brothers, Washington Mutual , WorldCom and General Motors. The bankruptcy filing shows $71 billion in finance and leasing assets against total …
Story|11/02/2009
Obama’s remarks on the financial crisis, as prepared for delivery « Row 2, Seat 4
Other Stories
… financial institutions had fallen, either bankrupt, bought, or bailed out: Lehman Brothers, Merrill Lynch, AIG, Washington Mutual , Wachovia. A week before this began, Fannie Mae and Freddie Mac had been taken over by the government. Other …
Blog|09/14/2009
Network Omits Crucial Information
FOXNews.com| Special Report With Bret Baier
… foxnews.com Bret Baier's Bio Grapevine Archive All-Star Panel Archive Meet the Panel It turns out that her bank, Washington Mutual , had accidentally auctioned off her home without giving her a foreclosure letter or any other notice. Bloomberg …
Story|08/21/2009
Banks Earn $7.6 Billion in First Quarter After Record Loss in Fourth Quarter
AP| Politics
… to have lost $10.7 billion. The largest U.S. bank failure ever also came last year: Seattle-based thrift Washington Mutual Inc. fell in September, with about $307 billion in assets, and was acquired by JPMorgan Chase & Co. for $1 …
Story|05/27/2009
Exxon Mobil Beats Wal-Mart in 2009 Fortune 500 List
AP| U.S.
… Thirty-eight companies fell off this year's list, including financial firms Lehman Brothers Holdings Inc ., Washington Mutual Inc . and Wachovia Corp ., all of which have either gone under or been acquired by rival banks. Engineering and …
Story|04/19/2009
Zurich Financial shares drop after AIG deal
Business
… S. unit. Zurich Financial has suffered losses from the collapse of financial services firms Lehman Brothers, Washington Mutual and Sigma Finance Corp., but has done better than some of its competitors and still reported a profit of $205 …
Story|04/17/2009
JPMorgan Chase posts better-than-expected profit
| AP| Business
… compared with last year's loss of $311 million. That business was helped by last year's acquisition of the thrift Washington Mutual Inc. Average total deposits rose 62 percent to $345.8 billion from a year ago, and 2 percent from the fourth …
Story|04/16/2009
2 more banks fail, lifting this year's tally to 23
| AP| Business
… when 25 U.S. banks were seized by regulators. Two of the nation's largest savings and loans failed that year: Washington Mutual Inc. and IndyMac Corp. A growing number of banks are becoming insolvent as home prices fall and unemployment rises …
Story|04/10/2009
THE INFLUENCE GAME: Big Biz has friend in Locke
| AP| Politics
… nation's capital, gave to Locke: Northwest Airlines; Coca-Cola; grocer Safeway; brewer Anheuser-Busch; Washington Mutual Bank, Wells Fargo and U.S. Bank; drugmakers Pfizer, Bristol-Myers Squibb, Merck & Co., and Schering …
Story|04/08/2009
Top bank regulator placed on leave pending review
Business
… mortgages and other consumer loans _ making them particularly vulnerable to the housing downturn. Seattle-based thrift Washington Mutual was the largest bank to collapse in U.S. history, with around $307 billion in assets. It was later acquired …
Story|03/27/2009
