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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.
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.
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
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.
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.
Iowa Home Buyers Face Tough Loan Process The way Iowans apply for a mortgage has changed dramatically over the past year. It used to be home buyers were able to pick out their home, walk into a mortgage office or bank and walk out with a loan.
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: A long history 1889: Washington National Building Loan and Investment Association is founded after fire destroys much of Seattle's core. The following year it...
Mortgage lending halves as home loan approvals hit record seven-year low Mortgage lending halved during August and the number of loans approved for house purchase slumped to a new record low, figures showed today.
Washington Mutual is for sale: sources Washington Mutual Inc , the giant U.S. savings and loan beleaguered by mortgage losses, has put itself up for sale, sources familiar with the matter said on Wednesday.
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