Stories tagged: washington mutual
Tue., Dec. 13, 2011, 7:53 a.m.
Washington Mutual agrees to settlement
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.
Fri., Oct. 7, 2011
Ridpath foreclosure would offer iffy opportunity
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Thu., Aug. 25, 2011
Creditors trying to block WaMu plan
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 …
Fri., Aug. 5, 2011, 3:53 p.m.
Feds: Probe into WaMu ends with no charges
The Justice Department says it has closed its investigation into the collapse of Washington Mutual without any criminal charges filed.
Thu., July 7, 2011
Settlement talks wrap up over WaMu allegations
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. …
Wed., July 7, 2010, noon
Business update: Mortgage applications rise 7 percent
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 …
Thu., May 20, 2010
Bankruptcy deal near for WaMu
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 …
Wed., May 19, 2010, 2:32 p.m.
Judge postpones Washington Mutual hearing
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 …
Tue., May 18, 2010
Washington Mutual, FDIC reach reorganization deal
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.
Wed., April 21, 2010, 11:47 a.m.
WaMu shareholders can pursue annual meeting
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.
Sun., April 18, 2010
Killinger captained loose ship to financial demise
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 …
Fri., April 16, 2010, 8:17 a.m.
Senate panel: Lax regulators helped doom WaMu
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 …
Tue., April 13, 2010, 11:16 a.m.
Ex-WaMu execs defend bank’s actions before failure
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.
Tue., April 13, 2010
Probe alleges WaMu fraud
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 …
Mon., April 12, 2010, 3:26 p.m.
Senate probe finds fraud in WaMu mortgage lending
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.
Sun., Nov. 29, 2009
S. Carolina’s key industry might be business poaching
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 …
Wed., Oct. 7, 2009, 10:34 a.m.
WaMu employees’ lawsuit against JPMorgan dismissed
A judge in Seattle has dismissed an attempt by former Washington Mutual Inc. employees to recoup their retirement account losses from JPMorgan Chase & Co.
Thu., Aug. 6, 2009, 12:10 p.m.
Judge hears arguments on WaMu retirement accounts
SEATTLE — A federal judge heard arguments on what should happen with retirement accounts for tens of thousands of past and present Washington Mutual employees.
Sun., Jan. 4, 2009
Bailout needs to trickle all the way down
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 …
Fri., Oct. 31, 2008
Judge OKs limits on WaMu stock sales
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 …
Thu., Oct. 16, 2008
WaMu failure investigated
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, …
Tue., Oct. 7, 2008
Banks still on shaky ground
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 …
Sun., Oct. 5, 2008
Tracing the collapse of WaMu
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 …
Sat., Sept. 27, 2008
WaMu customers assess shift
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 …
Fri., Sept. 26, 2008, 4:54 p.m.
Loss of Washington Mutual a blow to Seattle psyche
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 …
Thu., June 19, 2008
Business in brief: WaMu stops offering two types of loans
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 …
Tue., June 3, 2008
WaMu replaces chairman
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 …
Thu., March 6, 2008
Housing woes won’t cost WaMu execs
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 …
Wed., Jan. 23, 2008
Company News: WaMu cuts bonuses for top execs
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 …
Wed., Dec. 12, 2007
WaMu shares fall 12 percent
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 …