Wa Mu - Boo Hoo!
Washington Mutual is Largest U.S. Banking Failure in History
WaMu had its banking unit seized Sept. 25, 2008 by government regulators after customers withdrew $16.7 billion over 10 days. JPMorgan Chase & Co. became the biggest U.S. bank by deposits when it bought WaMu's branches with a $1.9 billion payment to the Federal Deposit Insurance Corp.
more HERE
WaMu had its banking unit seized Sept. 25, 2008 by government regulators after customers withdrew $16.7 billion over 10 days. JPMorgan Chase & Co. became the biggest U.S. bank by deposits when it bought WaMu's branches with a $1.9 billion payment to the Federal Deposit Insurance Corp.
more HERE
Labels: fdic, jp morgan, wa mu, washington mutual
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