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Highlights

A collection of news and information related to Washington Mutual Inc. published by this site and its partners.

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    Jun 5, 2012 |Story| Los Angeles Times

  1. Marion Sandler dies at 81; World Savings Bank executive

    As one of the first women to hold a position of power on Wall Street, Marion O. Sandler was notable even before she and her husband, Herbert, spent 43 years building Oakland's World Savings Bank into such a major — and ultimately controversial — adjustable mortgage lender.
    As one of the first women to hold a position of power on Wall Street, Marion O. Sandler was notable even before she and her husband, Herbert, spent 43 years building Oakland's World Savings Bank into such a major — and ultimately controversial...

    Tags: Finance, Wachovia Corp., Lorne Michaels, The New York Times, Countrywide Financial Corp.

    2. Dec 13, 2011 |Story| Los Angeles Times

  2. 3 WaMu execs agree to settle FDIC suit for up to $64 million

    Three executives who led high-risk home lender Washington Mutual Bank as it skidded toward the biggest bank failure in U.S. history have agreed to settle a government lawsuit for as much as $64 million — far from the $900 million the Federal Deposit Insurance Corp. had sought.
    LOS ANGELES TIMES
    Three executives who led high-risk home lender Washington Mutual Bank as it skidded toward the biggest bank failure in U.S. history have agreed to settle a government lawsuit for as much as $64 million — far from the $900 million the Federal Deposit...

    Tags: Economy, Business and Finance, Finance, Crime, Law and Justice, Justice System, Federal Deposit Insurance Corporation

    3. Apr 5, 2011 | Los Angeles Times

  3. Chase branch expansion continues as BofA scales back

    Money & Company
    JPMorgan Chase & Co. is pressing ahead with an expansion of its California branch network even as Bank of America Corp. plans to close some less profitable offices. The Chase Bank parent is saying that it intends to open about......
    4. Feb 11, 2011 | Los Angeles Times

  4. SEC files fraud lawsuit against three former IndyMac executives [Updated]

    Money & Company
    Targeting executives of the housing boom's biggest stated-income lender, the Securities and Exchange Commission has accused former IndyMac Bancorp Chief Executive Michael W. Perry and two former chief financial officers of defrauding investors at the...
    5. Feb 24, 2010 | Los Angeles Times

  5. Report: Chase worst by far at finalizing loan modifications

    Money & Company
    In an eye-catching report Wednesday, the nonprofit news outfit ProPublica said 97,000 homeowners have been stuck in trial loan modifications for more than six months under the government's anti-foreclosure program, which was supposed to generate permanent...
    6. Jun 1, 2009 |Story| WXIN-LTV

  6. GM Files for Chapter 11 Bankruptcy

    General Motors filed for Chapter 11 bankruptcy protection Monday as part of the Obama administration's plan to shrink the automaker to a sustainable size and give a majority ownership stake to the federal government.
    Fox59.com
    General Motors filed for Chapter 11 bankruptcy protection Monday as part of the Obama administration's plan to shrink the automaker to a sustainable size and give a majority ownership stake to the federal government. GM's bankruptcy filing is the fourth-...

    Tags: Plant Closings, Crime, Law and Justice, Cisco Systems Inc., U.S. Department of the Treasury, Employees

    7. Apr 12, 2009 |Story| Los Angeles Times

  7. HUD's Dollar Homes falls short of mission

    Jerry and Carol Ptacek bounced from one cramped apartment to another most of their adult lives, so they could hardly believe their luck when they were able to buy a San Bernardino house for the bargain price of $63,000.
    Jerry and Carol Ptacek bounced from one cramped apartment to another most of their adult lives, so they could hardly believe their luck when they were able to buy a San Bernardino house for the bargain price of $63,000. Nine years later, they are renters...

    Tags: Finance, Crime, Law and Justice, Foreign Exchange Market, Jerry Springer, Local Government

    8. Feb 27, 2009 |Story| WXIN-LTV

  8. Economy shrinks faster than expected

    WASHINGTON (AP) - The economy contracted at a staggering 6.2 percent pace at the end of 2008, the worst showing in a quarter-century, as consumers and businesses ratcheted back spending, plunging the country deeper into recession. The Commerce Department...

    Tags: Business, Barack Obama, Sports, Football, Career and Workplace

    9. Jan 16, 2009 |Story| WXIN-LTV

  9. Citi to split in two, reports $8.29B 4Q loss

    Citigroup said Friday it is splitting up into two businesses as it reported a fourth-quarter net loss of $8.29 billion _ its fifth straight quarterly loss. In Citigroup's reorganization, one business, Citicorp, will focus on traditional banking around...

    Tags: Finance, Economy, Business and Finance, John Reed, Wachovia Corp., Investment Service

    10. Jan 2, 2009 |Story| KTLA-LTV

  10. Feds to Sell Off Pasadena-Based Indymac

    PASADENA -- A seven-member group of investors has teamed up to buy the remnants of failed lender IndyMac Bank for $13.9 billion, federal regulators said Friday. The Federal Deposit Insurance Corp. said a holding company led by Steven Mnuchin, co-chief...

    Tags: Finance, Economy, Business and Finance, KTLA, Mortgages, Seattle

    11. Oct 5, 2008 |Story| KCPQ-LTV

  11. Mariners Won't Raise Ticket Prices

    The American League-worst Seattle Mariners don't plan to raise ticket prices for next season, and they might even offer some cheaper seats in response to tough economic times. "We are not looking to raise ticket prices," Bob Aylward, the team's vice...

    Tags: Finance, Economy, Business and Finance, Seattle Mariners, American League, Washington Nationals

    12. Sep 29, 2008 |Story| WPIX-LTV

  12. Stocks Tumble As Bailout Plan Fails In House

    NEW YORK (AP) -- Wall Street's worst fears came to pass Monday, when the government's financial rescue plan failed in Congress and stocks plunged precipitously -- hurtling the Dow Jones industrials down nearly 7 percent. The almost 780-point decline was...

    Tags: Finance, Petroleum Industry, Elections, Wachovia Corp., Henry Paulson

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