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Latest from The Spokesman-Review
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Washington Mutual agrees to settlement
December 13, 2011 in Business Bank holding company Washington Mutual Inc. has agreed to a settlement with some creditors involved in its Chapter 11 bankruptcy case and has filed a new reorganization plan. 2
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Ridpath foreclosure would offer iffy opportunity
October 7, 2011 in City on Page A5 Looking for an investment opportunity? 6
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Creditors trying to block WaMu plan
August 25, 2011 in Business on Page A7 WILMINGTON, Del. – Creditors who stand to receive nothing under Washington Mutual Inc.’s reorganization plan are trying to block court approval of the plan, attorneys for WMI and supporters of … 2
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Feds: Probe into WaMu ends with no charges
August 5, 2011 in Business, Nation/World The Justice Department says it has closed its investigation into the collapse of Washington Mutual without any criminal charges filed. 4
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Settlement talks wrap up over WaMu allegations
July 7, 2011 in Business on Page A10 Talks have ended between three former Washington Mutual executives and the federal government over possible settlement of a lawsuit alleging that their “gross mismanagement” led to the giant thrift’s demise. … 1
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Business update: Mortgage applications rise 7 percent
July 7, 2010 in Business Applications for home loans rose last week as consumers raced to refinance at the lowest rates in decades. The Mortgage Bankers Associations said today that overall applications increased nearly 7 …
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Bankruptcy deal near for WaMu
May 20, 2010 in City on Page A10 Washington Mutual Inc. told a bankruptcy judge Wednesday that it is close to completing an agreement with the Federal Deposit Insurance Corp. that could pave the way for the bank …
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Judge postpones Washington Mutual hearing
May 19, 2010 in Business Washington Mutual Inc. told a bankruptcy judge today that it is close to completing an agreement with the Federal Deposit Insurance Corp. that could pave the way for the bank … 1
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Washington Mutual, FDIC reach reorganization deal
May 18, 2010 in Business on Page A9 DOVER, Del. – Bank holding company Washington Mutual Inc. has reached an agreement with the Federal Deposit Insurance Corporation that puts WaMu closer to exiting Chapter 11 bankruptcy.
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WaMu shareholders can pursue annual meeting
April 21, 2010 in Business A bankruptcy judge on Wednesday cleared the way for Washington Mutual Inc. shareholders to take legal action to force the company to hold a long overdue annual meeting. 5
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Killinger captained loose ship to financial demise
April 18, 2010 in Business on Page E1 Kerry Killinger spent seven years in Spokane in the late 1970s and early 1980s. He was an executive at Murphey Favre Inc., a small investment company that managed two small …
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Senate panel: Lax regulators helped doom WaMu
April 16, 2010 in Business The chairman of a Senate panel investigating the causes of the financial crisis is blasting federal bank regulators who ignored mounting risk at Washington Mutual and then fought among themselves … 1
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Ex-WaMu execs defend bank’s actions before failure
April 13, 2010 in Business The former CEO of Washington Mutual, the biggest U.S. bank ever to fail, on Tuesday defended the bank’s actions to reduce risks from the looming housing bust. 10
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Probe alleges WaMu fraud
April 13, 2010 in Nation/World on Page A1 WASHINGTON – Before Washington Mutual collapsed in the largest bank failure in U.S. history, its executives knowingly created “a mortgage time bomb” by steering borrowers to subprime mortgages and turning … 1
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Senate probe finds fraud in WaMu mortgage lending
April 12, 2010 in Business, Nation/World The mortgage lending operations of Washington Mutual Inc., the biggest U.S. bank ever to fail, were threaded through with fraud, Senate investigators have found. 7
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S. Carolina’s key industry might be business poaching
November 29, 2009 in Business on Page E1 South Carolina’s successful courtship of Boeing Co. would be the talk of Olympia come January if Washington were not facing yet another budget shortfall. Losing the second 787 production line …
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WaMu employees’ lawsuit against JPMorgan dismissed
October 7, 2009 in Business A judge in Seattle has dismissed an attempt by former Washington Mutual Inc. employees to recoup their retirement account losses from JPMorgan Chase & Co.
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Judge hears arguments on WaMu retirement accounts
August 6, 2009 in Business, Region SEATTLE — A federal judge heard arguments on what should happen with retirement accounts for tens of thousands of past and present Washington Mutual employees.
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Bailout needs to trickle all the way down
January 4, 2009 in Business on Page E1 There’s something to be said for a yearlong hiatus as business columnist: 2008? Not my fault. But certainly a missed opportunity, because the past 12 months were such a target-rich …
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Judge OKs limits on WaMu stock sales
October 31, 2008 in City on Page A8 WILMINGTON, Del. – A Delaware bankruptcy judge has agreed to restrictions on large-scale deals in Washington Mutual stock if the sales affect the company’s tax position. Judge Mary Walrath on …
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WaMu failure investigated
October 16, 2008 in Business on Page A6 SEATTLE – Federal authorities said Wednesday they have opened an investigation into the demise of Washington Mutual Inc., the nation’s largest bank failure. U.S. Attorney Jeff Sullivan said the FBI, …
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Banks still on shaky ground
October 7, 2008 in Business on Page A18 SAN FRANCISCO – Here’s a safe bet for uncertain times: A lot of banks won’t survive the next year of upheaval despite the U.S. government’s $700 billion plan to restore …
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Tracing the collapse of WaMu
October 5, 2008 in Business on Page E1 Kerry Killinger rose from a job in Spokane as strategist at the brokerage firm Murphey Favre to become Washington Mutual’s chief executive in 1990. He made his first significant money …
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WaMu customers assess shift
September 27, 2008 in Business on Page A1 Even local adherents of a religion that eschews worldly possessions moved savings out of beleaguered Washington Mutual Inc., now owned by JPMorgan Chase & Co. Inc. The Chagdud Gonpa-Padma Ling …
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Loss of Washington Mutual a blow to Seattle psyche
September 26, 2008 in Business, Nation/World SEATTLE — First, Boeing Co. Then Safeco Corp. and the SuperSonics. Now Washington Mutual. “Seattle lost a piece of itself today,” said Allen Stover, 60, who has banked at WaMu …
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Business in brief: WaMu stops offering two types of loans
June 19, 2008 in Business on Page A8 Washington Mutual Inc. said Wednesday it would stop offering two types of complex mortgage products as part of a shift in its mortgage business. The nation’s largest thrift said it …
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WaMu replaces chairman
June 3, 2008 in Business on Page A6 SEATTLE – Washington Mutual Corp., hard-hit by the mortgage and credit crises, said Monday it will replace Chief Executive Kerry Killinger as chairman of the board and take other steps …
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Housing woes won’t cost WaMu execs
March 6, 2008 in City on Page A9 The U.S. housing crisis slashed Seattle-based Washington Mutual Inc.’s earnings, but it won’t drain executives’ 2008 cash bonuses. WaMu’s board will exclude costs related to mortgage defaults and real estate …
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Company News: WaMu cuts bonuses for top execs
January 23, 2008 in Business on Page A9 Washington Mutual Inc., the country’s biggest savings and loan, on Tuesday said it slashed 2007 cash bonuses for its top executives. Stephen Rotella, WaMu’s president and chief operating officer, will …
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WaMu shares fall 12 percent
December 12, 2007 in Business on Page A12 SEATTLE – Washington Mutual’s move to slash staff and launch a massive stock offering to shore up its finances may smack of desperation, analysts said Tuesday as the bank’s shares …

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