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Washington Mutual Debt Consolidation Mortgage
Moody's lowers rating on Washington Mutual Bank Moody's Investors Service on Monday downgraded the financial strength rating of Washington Mutual Inc.'s main bank subsidiary to "E," its lowest rating, saying the thrift's capital is insufficient to absorb its mortgage losses.
Moody's lowers rating on Washington Mutual Bank NEW YORK Moody's Investors Service downgraded Washington Mutual Bank's financial strength rating Monday, saying its troubled mortgage assets are depleting its capital base and eroding its franchise.
Washington Mutual shares rally sharply Shares in Washington Mutual Inc, the savings and loan firm seen as next on the precipice of the US financial crisis, rallied on Friday as the US government moved toward a massive bail-out of nationwide mortgage debt and cracked down on stock trading.
Citigroup likely to bid for Washington Mutual Citigroup is likely to bid for American savings and loan company Washington Mutual, which has been hit by mortgage losses and is reportedly searching for potential buyers.
Chase seen as a likely suitor for Washington Mutual J.P. Morgan Chase & Co. is seen as a likely suitor for Washington Mutual, which is staggering under huge mortgage losses. WM WFC JPM
Reports: Washington Mutual has four possible bidders New York - Shares in Washington Mutual Inc, the savings and loan firm seen as next on the precipice of the US financial crisis, rallied Friday as the US government moved toward a massive bail-out of nationwide mortgage debt and cracked down on stock ...
Washington Mutual bidders push for government-assisted sale Some bidders for Washington Mutual Inc. are pushing for a government assisted takeover of the bank, according to a report on Monday. WB C JPM WFC
U.S. readies massive toxic-debt plan The U.S. government is preparing to mop up hundreds of billions of dollars in bad mortgage debt, after curbing short-selling and guaranteeing mutual funds in an effort to stabilize financial markets.
Toxic-debt plan, short-selling ban boost markets The U.S. government curbed short-selling and guaranteed money-market mutual funds on Friday as it worked on a sweeping bailout to mop up hundreds of billions of dollars in toxic mortgage debt, sending global stock markets soaring.
U.S. readies massive toxic-debt plan The U.S. government is preparing to mop up hundreds of billions of dollars in bad mortgage debt, after curbing short-selling and guaranteeing mutual funds in an effort to stabilise financial markets.
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