Results tagged “washingtonmututal”

JPMorgan Chase is holding a conference call at 6:15 p.m. today, and the expected topic is its purchase of (part of) Washington Mutual. WaMu was frenetically batting its eyelashes at any suitor within bidding distance, especially with news of a bailout in the offing, potentially keeping WaMu's toxic mortgage holdings from being a dead loss. Bloomberg says that federal regulators decided to press the issue, and seized the bank's assets today. JPMorgan Chase is apt to pluck the shiniest apple, WaMu's thriving retail bank. more ›