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- Stock symbol: WM
- Annual revenue (2007): $15.962 billion
- Year Established: 1889
- Industry: Finance and Insurance
- Phone: (206) 461-2000
- HQ: Seattle, Washington
- President: Stephen J. Rotella
- CEO: Alan Fishman
- CFO: Thomas W. Casey
- Staff: 60,798
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Washington Mutual is a publicly traded savings and loan association providing banking, lending, insurance, investment, and real estate services to businesses and consumers. It is the largest such institution in the United States. Since the start of the mortgage crisis, WaMu has seen its stock value decrease substantially, and it is now looking for a buyer for all or part of its assets. It is attractive to buyers due to its extensive retail presence in the U.S. West Coast, but that is countered by future expected losses of close to $20 billion due to bad mortgage lending commitments.Sydney Morning Herald: Suitors run eye over ailing bank (September 20, 2008)
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Washington Mutual Questions
Since we have a reconstruction of Martha Washington, how about one for George Washington? 3 AnswersIn 200 years will you want to be remembered as a chubby geriatric or in your prime of life? George Washington has been reinvented several times already. Perhaps... read more
Are mutual funds chasing performance and expecting short term profits? Does the economy look bad long term? 1 AnswerI think they are just staying fully invested because they've lost so much they don't to miss the rally. I know they say there's a lot of money on the sidelines... read more
My mutual fund tanked in this economy but apparently it accrued capital gains! Read on...Please HELP! 7 AnswersThis is not very unusual when the market is going badly. As customers rush to take money out of the fund, the fund is forced to sell assets. Based on FIFO (Firs... read more
Bank : What was American Express Credit Card Write-Offs in 2008? 2 AnswersAmerican Express reported $8 billion in write-offs on their 8k for 2008. (7.5% of 32.6 billion category A cards, and 7.3% of $62.4 billion of category B cards).... read more
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Washington Mutual Competitors
- Wachovia: Official Site | Wikipedia
- Bank of America: Official Site | Wikipedia
- Wells Fargo: Official Site | Wikipedia
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Video: No Run on This Bank: Discussing Washington Mutual's future, with CNBC's Jane Wells. (CNBC) Washington Mu.. http://bit.ly/8qFJ9O
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Video: Washington Mutual Seized: The bank has been seized by the federal government and is selling assets to JP.. http://bit.ly/55AUGp
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I withdrew all my money from Chase Bank! They are no Washington Mutual! What does it take to find a competent, honest bank?
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RT @brandoneculture: @StickyIdeas one of the 1st was wamu (washington mutual bank).. Recall them? Word to the wise!
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@StickyIdeas one of the 1st was wamu (washington mutual bank).. Recall them? Word to the wise!
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