washington mutual

Did WaMu's fraud lower rest of market?

Marketplace  Tue, 04/13/2010 - 13:27

For a long time, Washington Mutual used a catchy tagline in its ads, "The Power of Yes." And new investigations show it wasn't just talking the talk: widespread fraud throughout the company let it say yes to just about everybody.

Alisa Roth reports.


 

WaMu: The forgotten bank failure

Economic news - CNNMoney.com  Tue, 09/08/2009 - 05:44

Washington Mutual is long gone, but its lax lending could haunt us for years.


 

JP Morgan swallows up another failure

Marketplace  Fri, 09/26/2008 - 16:02

Federal regulators have taken control of Washington Mutual and promptly sold its biggest parts to JP Morgan, making JP Morgan even bigger.

Too big to fail ring a bell here, anyone? Nancy Marshall Genzer reports.


 

2 major deals amid credit crisis

Marketplace  Mon, 04/07/2008 - 13:56

Troubled mortgage lender Washington Mutual is close to nailing down $5 billion from a private equity firm. And, Switzerland's Novartis is spending $39 billion for a majority stake in the U.S. eye-care company Alcon.

Jill Barshay reports.