CEO Kerry Killinger

Former PSBJ reporter Kirsten Grind plans Seattle talk on her book about WaMu...

Journalist Kirsten Grind will appear at Town Hall Seattle on June 26 to talk about her new book, “The Lost Bank,” which tells the story of the collapse of Seattle’s Washington Mutual. Her book promises to be a must-read for many in the greater Seattle area and beyond who have followed her coverage of WaMu’s downfall, including its seizure by bank regulators and ultimate sale to JPMorgan Chase & Co. in 2008. In her book, Grind, a former...

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Washington Mutual sues directors and officers insurers over coverage denials

WILMINGTON, Del.—Washington Mutual Inc. has sued 12 insurers that provided it with directors and officers liability coverage in 2008 and 2009, alleging the insurers breached their contracts and asking for $250 million in coverage.

From businessinsurance.com ()

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Mortgage investors rebuffed in WaMu bankruptcy

The plan is based on the settlement of lawsuits that pitted Washington Mutual Inc., JPMorgan Chase and the Federal Deposit Insurance Corporation against one another after the collapse of Seattle-based Washington Mutual Bank in 2008 and the sale ...

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BofA, U.S. Bancorp sued for role as WaMu bond trustee

(Reuters) - Bank of America Corp and U.S. Bancorp have been sued by a Chicago pension fund that said they failed to protect investors in their roles as trustees for mortgage-backed securities for Washington Mutual Inc. Wednesday's complaint was filed eight days after U.S. District Judge William Pauley in Manhattan let four pension funds pursue similar claims against Bank of New York Mellon Corp over its role as trustee for Countrywide...

From rss.news.yahoo.com ()

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Washington Mutual sues directors and officers insurers over coverage denials...

XL Specialty Insurance Co. et al., filed March 15 in U.S. Bankruptcy ... just 15 days before the Office of Thrift Supervision seized Washington Mutual Bank, several directors and officers of Washington Mutual Inc. ordered a “downstream capital ...

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Washington Mutual Sues Its D&O Insurers, Seeks Up to $250M

Washington Mutual Inc. recently filed a lawsuit against a dozen insurance companies that had provided directors’ and officers’ coverage. The troubled bank holding company that just completed its Chapter 11 restructuring process says its ...

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The Garrett, Watts Report (April 19, 2010)

By Bill Coppedge on | From mortgagenewsclips.com

To Our Clients, Colleagues and Friends, The Senate hearings on Wamu are painting an ugly picture of senior management’s utter disregard for risk. Former Wamu CEO Kerry Killinger at times claims he wasn’t aware of certain illegal practices going on there? This reminds us of the Watergate hearings 35 years ago, when the Senate Committee asked a cabinet member if he thought President Nixon knew what was going on. His answer was “Mr. Chairman, the piano player in a brothel knows exactly what’s...Read Full Story

Creations of Government: WAMU section, Healthcare, Greece, Citi, Activists, Greenspan, Tax Hikes, Debt and Taxes

By Bill Coppedge on | From mortgagenewsclips.com

WAMU SECTION: Killinger, Rotella will tell Congress that bank was on the mend when seized What WaMu execs will say – by Kirsten Grind – …In his first public statement since the seizure of Washington Mutual, former chief executive Kerry Killinger plans to tell a congressional subcommittee that the bank could have survived and that regulators seized it precipitously, according to people familiar with his testimony. … – Puget Sound Business Journal (Seattle) ———— U.S. Faults...Read Full Story

washington mutual bank locations

By harriskline9338 on | From youradlink.co.cc

However, at the end of December 2009 the discovery process was suddenly and inexplicably halted by Washington Mutual, Inc’s attorneys Weil, Gotshal & Manges. WaMu Subsidiaries WaMu Investments, Inc; Washington Mutual Insurance Services; Washington Mutual Card Services WaMu Website Wamu. Close Search Suggestions Showing 1 – 10 of 10 for Washington-Mutual-Bank-Locations Web Images News Videos Maps Q & A More Local Shopping Browse Features Results Display Saved Locations Content Filtering...Read Full Story

FDIC settles with former WaMu executives: sources

| From reuters.com

(Reuters) - Three former executives of Washington Mutual Inc have agreed to a payment of about $75 million to settle a lawsuit brought by the Federal Deposit Insurance Corp over their role in the biggest bank failure in U.S. history, two sources familiar with the talks said on Tuesday.The three -- former Chief Executive Kerry Killinger, former Chief Operating Officer Stephen Rotella and the company's former home lending chief, David Schneider -- were sued by the government's deposit insurer...Read Full Story

WaMu settles dispute, eyes bankruptcy exit

| From reuters.com

(Reuters) - Washington Mutual Inc, the biggest bank to fail in U.S. history, said it reached a settlement in a dispute between shareholders and certain creditors that had prevented the bank from emerging from Chapter 11 bankruptcy proceedings.WaMu got a respite late on Monday when it said in a court filing that the shareholders represented by an equity committee would drop legal claims against settlement noteholders."The Equity Committee and its advisors are pleased with the result and look...Read Full Story