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Washington Mutual
Latest Headlines
Latest Headlines
Vulture sweepstakes: Merrill Lynch vs. Lehman Brothers
The financial crisis of the late 2000s gave rise to a vulture sweepstakes, as the big banks competed to pick up the best of the fallen banks left for dead. So who fared the best? Was it JPMorgan Chase with its deal for Bear Stearns and Washington Mutual? Wells Fargo for its acquisition of Wachovia
Morgan Stanley, "worth more dead than alive"
So just how undervalued is Morgan Stanley (NYSE:MS )? Its shares are down nearly 30 percent from their February peak, and that has got Sanford C. Bernstein & Co. analyst Brad Hintz thinking. After accounting for the planned conversion of Mitsubishi UFJ Financial Group's stake in the firm, h
FDIC sues WaMu execs--and their wives
In its highest-profile enforcement action against top executives at banks that imploded in the financial crisis, the FDIC has sued three executives of Washington Mutual--as well as two of their wives. The FDIC's civil action seeks $900 million in damages for gross negligence ahead of WaMu's demise
FDIC vs. JPMorgan, taxpayers in the balance
Is JPMorgan (NYSE: JPM ) trying to wiggle out of its Washington Mutual obligations? That's how some critics see it. Recall that the bank, led by hard-charging CEO Jamie Dimon, bought the Seattle thrift for $2 billion in a deal brokered by the FDIC. At the time some thought it was a coup. But th
Does Goldman Sachs regret its Litton deal?
We have speculated about buyer's remorse for several deals, such as Bank of America's purchases of Merrill Lynch and Countrywide, and JPMorgan's purchase of Washington Mutual. The debate rages about whether the deals were worth it in hindsight. When it comes to Goldman Sachs' deal for Litton Loan
Morgan Stanley: No buyers remorse over Smith Barney
We've speculated whether Bank of America regrets its deals for Countrywide and Merrill Lynch. We've also wondered if perhaps JPMorgan has had second thoughts about its Washington Mutual deal. But no one thinks Morgan Stanley has any buyer's remorse over its Smith Barney deal.
James Gorman, CEO
Jamie Dimon: Press shifts slightly
In the financial crisis, JPMorgan Chase CEO Jamie Dimon ( Jamie Dimon news) emerged as a go-to-guy for solutions, someone regulators trusted. His stature soared, and press accolades followed. Soon he was anointed a star.
One journalist memorably wrote : "The crisis cemented Mr. Dimon's
Do JPMorgan's blockbuster deals leave it underexposed internationally?
It's worth remembering that JPMorgan Chase (NYSE: JPM ), led by CEO Jamie Dimon, pulled off quite a coup in the financial crisis. It paid $3 billion for Bear Stearns and Washington Mutual, which in hindsight look like deals well worth the costs.
The bank seems to be turning the corner on th
Directors of failed banks reemerge
In the wake of the financial crisis and bank bailout, bank directors have taken a lot of criticism. In some cases, banks have worked hard to rebuild their boards. We've seen many turnovers on the Citigroup board and the Bank of America board, for example.
But as the New York Times suggests
Fannie Mae, king of zombie stocks
Is it the return of financial zombie stocks?
One of the most curious phenomena of the financial crisis has been the rise of zombie stocks. Washington Mutual was essentially driven into the arms JPMorgan, but the stock continued to trade furiously long after it had fallen to penny stock status.
