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In a 2010 settlement between Wash. Mutual Inc. (in receivership), the FDIC, and JPMorgan Chase, a tax refund of about $5.7 billion (~$7.78 billion in 2023) will be shared between Wash. Mutual Inc., JPMorgan Chase and FDIC. [209] WaMu, Inc. sued the Federal Deposit Insurance Corporation (FDIC) for $13 billion after the sale of its banking ...
Washington Mutual subsequently failed in 2008. Dime was included in the assets that were sold to JPMorgan Chase by the Federal Deposit Insurance Corporation after Washington Mutual was seized and placed in receivership. [21] In 2016, Charney Companies purchased the bank's original site for $80 million. [22]
Agency infighting and regulators' repeated disregard of shoddy lending practices allowed Washington Mutual Bank, a $300 billion thrift and the sixth largest U.S. depository institution before it ...
JPMorgan Chase & Co. (stylized as JPMorganChase) is an American multinational financial services firm headquartered in New York City and incorporated in Delaware.It is the largest bank in the United States and the world's largest bank by market capitalization as of 2023.
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Washington Mutual Inc (at time of acquisition) JPMorgan Chase (since 2008) Providian Financial Corporation was an American financial services company founded in 1997, which became one of the leading credit card issuers in the United States before it was sold to Washington Mutual for approximately US$ 6.5 billion in October 2005.
JPMorgan Chase & Co <JPM.N> told employees on Tuesday it is changing its customer complaint system and how staff choose which customers are eligible for certain banking products after the New York ...
It was the parent company of Washington Mutual Bank, which was the largest savings and loan association in the United States until its collapse in 2008. On September 25, 2008, the United States Office of Thrift Supervision (OTS) seized WaMu's banking operations and placed it into receivership with the Federal Deposit Insurance Corporation (FDIC).
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