Largest U.S. bank failure ever
The government seizes Washington Mutual, then sells its banking assets to JPMorgan Chase. The Federal Deposit Insurance Corp. seized WaMu on Thursday, and then sold the thrift’s banking assets to JPMorgan Chase & Co. for $1.9 billion. Seattle-based WaMu, which was founded in 1889, is the largest bank to fail by far in the country’s history. Its [...]
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Tags: 2008, E, GA, Government, History, Insurance, The, U.S