Washington Mutual taken over by JPMorgan Chase

JPMorgan Chase and Co. Inc has acquired the assets of Washington Mutual Inc’s banking operations after US federal regulators seized the ailing credit union.

Washington Mutual taken over by JPMorgan Chase
Fri, 26 Sep, 2008 - 09:01

JPMorgan Chase and Co. Inc has acquired the assets of Washington Mutual Inc’s banking operations after US federal regulators seized the ailing credit union.

The deal marks the second time in six months that JPMorgan Chase has taken over a financial institution crippled by bad mortgage bets.

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CourtsBusinessHeathrowPlace: USPlace: SeattleOrganisation: Washington MutualOrganisation: JPMorgan ChaseOrganisation: Co. IncOrganisation: Washington Mutual IncOrganisation: Federal Deposit Insurance Corp
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