WaMu is largest U.S. bank failure

213387 Resource 199230 199384 199384 1222405736665 1222453209257 Controlled Washington Mutual (WAMU) Seized

Largest Failure of a U.S. Bank

In the latest round of financial turmoil, Washington Mutual (WAMU) was closed by the Office of Thrift Supervision (OTS) and the Federal Deposit Insurance Corporation (FDIC) and its banking assets were sold to JPMorgan Chase & Co for $1.9 billion.This is by far the largest failure of a U.S. Bank.<a title="FDIC Bankl Acquisition Information" href="http://www.fdic.gov/bank/individual/failed/wamu_q_and_a.html">Click here for the FDIC question and answer section on Washington Mutual</a>See below for the complete story. 9 application/xml false credit crunch failed bank fdic wamu fdic washington mutual housing crisis wamu wamu seized wamu shut down washington mutual washington mutual seized washington mutual shut down WaMu is largest U.S. bank failure http://www.reuters.com/article/newsOne/idUSTRE48P05I20080926?sp=true Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; Mozilla/4.0 (compatible; MSIE 6.0; Windows NT 5.1; SV1) ; Embedded Web Browser from: http://bsalsa.com/; .NET CLR 2.0.50727; .NET CLR 1.1.4322) 127.0.0.1 127.0.0.1 wdiehl 72.244.156.49 false true false false true 199303 false false true false false false true 199230 blog blogsite/RepoHomeTourChicago/web