Washington Mutual Inc Stock Market Trends and News

Washington Mutual Inc's stock market performance was heavily impacted by the financial crisis of 2008. The bank's stock price plummeted from $45 in 2007 to just $0.01 in 2008.

Washington Mutual Inc's decline was largely due to its heavy exposure to subprime mortgages. The bank's assets were severely affected by the housing market bubble bursting.

In September 2008, Washington Mutual Inc was seized by the FDIC and sold to JPMorgan Chase for $1.9 billion. This marked the largest bank failure in US history at the time.

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Washington Mutual was a major American bank that operated from 1889 to 2008.

The bank's stock was listed on the New York Stock Exchange and traded under the ticker symbol WM.

At its peak in 2006, Washington Mutual's market capitalization reached over $45 billion.

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Washington Mutual Inc. is the focus stock on MicroStockProfit.com.

Shares of WAMUQ declined 5.96% in Tuesday's trading, giving up gains made in the previous session on news of post-bankruptcy control settlement.

A tentative deal has been reached between WAMUQ and shareholders that could bring the company closer to exiting bankruptcy.

The settlement includes a $100 million credit facility provided by a group of four hedge funds to the reorganized company to pursue acquisitions.

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Washington Mutual was a US-based bank that operated from 1889 to 2008, when it was acquired by JPMorgan Chase.

It had a significant presence in the US market, with over 2,000 branches and 5,000 ATMs across the country.

Washington Mutual was known for its consumer banking services, including checking and savings accounts, credit cards, and home loans.

The bank's stock was listed on the New York Stock Exchange (NYSE) under the ticker symbol WM.

Washington Mutual was a major player in the US mortgage market, originating over $100 billion in home loans each year.

The bank's failure in 2008 was a significant event in the US financial crisis, with the FDIC taking over its operations and selling its assets to JPMorgan Chase.

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Washington Mutual's collapse in 2008 was a major event in American financial history.

The bank's assets were massive, with $327.9 billion in assets valued in 2007 according to WaMu Inc.'s SEC filing.

WaMu was the sixth-largest bank in the United States before its receivership.

Its banking operations were seized by the OTS and placed into receivership with the FDIC on September 25, 2008.

A bank run of $16.7 billion in deposits occurred in a 9-day period, amounting to 9% of the deposits held on June 30, 2008.

The FDIC sold WaMu's banking subsidiaries to JPMorgan Chase for $1.9 billion.

WaMu, Inc. was left with $33 billion in assets and $8 billion in debt after being stripped of its banking subsidiary.

The holding company filed for Chapter 11 voluntary bankruptcy in Delaware the next day.

WaMu filed a lawsuit against the FDIC on March 20, 2009, seeking damages of approximately $13 billion.

JPMorgan Chase promptly filed a counterclaim in the Federal Bankruptcy Court in Delaware.

All WaMu branches were rebranded as Chase branches by the end of 2009.

The largest bank failure in American financial history was WaMu's closure and receivership.

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