NEW YORK – Shares of Washington Mutual Inc. fell sharply Monday, as the collapse of Lehman Brothers Holdings Inc. and the sale of Merrill Lynch & Co. rattled the broader banking sector.
Posts Tagged ‘wamu’
WaMu plunges as turmoil sweeps financial sector
Posted by seumasach on September 15, 2008
Posted in Uncategorized | Tagged: financial collapse, wamu | Leave a Comment »
More Pain May Lie Ahead For WaMu
Posted by smeddum on July 23, 2008
Forbes
Miriam Marcus, 07.22.08, 8:41 PM ET
Washington Mutual is optimistic about its ability to weather the mortgage crisis, but some analysts warn it may be a bit too optimistic.
After the close Tuesday, Washington Mutual (nyse: WM – news – people ) reported a steep profit loss in the second quarter, far worse than had been expected, as it significantly increased its loan loss reserves in response to continued declines in housing prices nationwide. Read the rest of this entry »
Posted in Financial crisis | Tagged: wamu | Leave a Comment »
In These New Times 