From wsjonline.com
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A bankruptcy judge is expected to rule soon on who owns $4 billion in Washington Mutual deposits claimed by both J.P. Morgan and the thrift's holding company.
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WaMu Is Gone, but the Parent Is Fighting OnWall Street JournalA federal bankruptcy judge is expected to rule soon on who owns about $4 billion claimed by both JP Morgan Chase & Co., which bought the doomed financial ...and more »
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From news.google.com
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Fitch Ratings has upgraded the ratings on the subordinate classes of WaMu Card Series notes issued from the Washington Mutual Master Note Trust (WMMNT). Fitch had placed these ratings on Rating Watch Positive after all accounts originated by Washington Mutual Bank were removed in a non-random manner on May 19, 2009, leaving the trust with only Chase Bank USA, N.A. (Chase Bank USA)-originated receivables. That removal also removed delinquent...
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From pr-inside.com
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A Puerto Rico-based bank has filed a lawsuit against two Washington Mutual subsidiaries, alleging that they didn’t properly disclose information about mortgage-backed securities they issued in 2006 and 2007, shortly before the start of the financial crisis. (JPM)
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From bizjournals.com
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SEATTLE - One year after Washington Mutual became the largest bank in U.S. history to fail, former employees are still grappling with questions about their own actions, the motives of top executives and the folly of a nation gripped by a housing boom....
From hispanicbusiness.com
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- Memo to SEC: Put the zombie stocks out of their misery (bloggingstocks.com)
- Report: The WaMu "Bank Run" Rumors were True (blogger.com)
Attorneys have filed an action in the US District Court for the Northern District of California accusing yet another bank of nurturing a Ponzi scheme. The complaint was filed as a class action suit on behalf of victims of a $150 million Ponzi scheme involving thousands of defrauded investors and the promise of safe, high yield CDs.
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From newswise.com
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SEATTLE - An attempt by former Washington Mutual Inc. employees to recoup their retirement account losses from JPMorgan Chase & Co., part of a complex tangle of litigation stemming from WaMu's collapse last year, has been dismissed.Some former WaMu directors and individuals who served on 401(k) fund committees remain partly on the hook, but the New York banking [...]
From lmtribune.com
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- WaMu seeks turnover of deposits from JPMorgan (seattletimes.nwsource.com)
