WaMu is largest U.S. bank failure
Oct.13, 2008 in
WaMu is largest U.S. bank failure
WaMu is largest U.S. bank failure
NEW YORK/WASHINGTON (Reuters) - Washington Mutual Inc was closed by the U.S. government in by far the largest failure of a U.S. bank, and its banking assets were sold to JPMorgan Chase & Co for $1.9 billion.ADVERTISEMENT
Thursday’s seizure and sale is the latest historic step in U.S. government attempts [...]