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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: Washington Mutual

Washington Mutual stories: 27 news summaries

21 - 27 of 27 Stories | << Prev 1 2

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MARKETS

 Stocks Flat Despite WaMu Deal 

Investors worry about bad news in coming earnings reports

Apr 7, 08 3:36 PM CDT
(Newser) - Stocks were flat today after worries about coming first-quarter earnings reports kept a financial stocks rally from taking hold, MarketWatch reports. The Dow rose 3.01 to 12,612.42; the S&P 500 rose 2.14 to 1,372.54; and the Nasdaq was off 6.15 to close... More »

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Dow Jones • Alcoa • earnings reports • Nasdaq • Washington Mutual • S&P 500 • first quarter earnings

Home-Equity Loans Latest to Bite Banks

Even lenders that dodged subprime chaos suffering big trickle-down losses

Mar 12, 08 12:03 PM CDT
(Newser) - Home-equity loan defaults are soaring, the Wall Street Journal reports, as the trickle-down effect of the subprime mortgage crisis makes its way into what was once a source of big profits for lenders. JP Morgan Chase and Wells Fargo both escaped major writedowns on subprime mortgages gone bad, but already... More »

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Bear Stearns • Wells Fargo • National City • Washington Mutual • SunTrust Banks • housing crisis • subprime crisis • home-equity loans • JPMorgan Chase

Morgan Stanley Boss Faces Shareholder Pressure

Mack lambasted for taking excessive risk, accumulating debt

Mar 11, 08 9:25 AM CDT
(Newser) - With $11 billion in writedowns already on the books and a history of making risky trades and building debt, Morgan Stanley CEO and chairman John Mack is facing scrutiny from some shareholders, the New York Times reports. He has substantial support, but at least one activist group is pushing for... More »

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Citigroup • Bank of America • Wachovia • Morgan Stanley • Merrill Lynch • John Mack • Washington Mutual • CtW Investment Group

Investors Angered as WaMu Shields Exec Bonuses

Bank's board of directors extracts subprime losses from bonus formula

Mar 5, 08 8:53 AM CST
(Newser) - Washington Mutual’s directors have decided to limit the hit its executive management team can take from the subprime credit fiasco, setting cash bonus targets that exclude costs from foreclosures and mortgage-related losses, reports the Wall Street Journal. The move angered some shareholders who’ve seen their investment shrink... More »

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executive compensation • housing market • shareholders • Washington Mutual • bonuses • WaMu • subprime crisis

SEC Probes WaMu Home Loans

Investigators focus on charges that appraisals were inflated

Dec 21, 07 4:06 AM CST
(Newser) - Washington Mutual, one of America's largest mortgage lenders and the biggest savings and loan in the nation, is under investigation by the Securities and Exchange Commission, reports the Wall Street Journal. Regulators suspect some WaMu mortgages were based on inflated appraisals. WaMu, bloodied by the subprime mortgage crisis, lost $348... More »

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subprime mortgages • SEC • Freddie Mac • Andrew Cuomo • Fannie Mae • Washington Mutual • WaMu • Office of Thrift Supervision • First American Corp • appraisals • eAppraiseIT

Stocks Dip on Mortgage Fears

Foreclosure worries continue to simmer

Sep 28, 07 3:22 PM CDT
(Newser) - The markets dropped today on news that mortgage defaults last month climbed 30% from a year earlier, more evidence that foreclosures are on the rise. Wells Fargo and Washington Mutual tumbled, and the Dow dipped 17.31 to 13,895.63. Stocks bottomed out after a Fed official said players... More »

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Federal Reserve • Dow Jones • Medicare • foreclosure • Wells Fargo • Nasdaq • Washington Mutual • S&P 500

Countrywide Cuts 500 Jobs

Fallout from subprime crisis continues

Aug 21, 07 10:54 AM CDT
(Newser) - The nation's top home lender is cutting 500 jobs in its subprime mortgage units in response to the high-risk-lending mess. Before the cuts announced yesterday, Countrywide was actively hiring workers who had been fired from other companies, the LA Times reports. Meanwhile, Capital One said it will close the unit... More »

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subprime mortgages • Greenpoint • home loans • Countrywide • Capital One • Washington Mutual

21 - 27 of 27 Stories | << Prev 1 2


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