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Washington Mutual, Inc. (often abbreviated to WaMu) was an American savings bank holding company based in Seattle. 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.
Reckless credit practices at Washington Mutual Bank were detailed Tuesday at a hearing held by a Senate subcommittee investigating the role of high-risk home loans in the financial crisis. The ...
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. The company emphasized borrowers with lower income and lower credit ratings.
Washington Mutual failed in 2008 and was acquired by JP Morgan Chase Bank. Charles Knapp was convicted in 1993 of fraud, although it was not related to American Savings. His company, Trafalgar Holdings Ltd., obtained a $15 million loan from Western Savings and Loan in Phoenix, Arizona , using fraudulent financial information.
Column: Employers worried that a new Washington law around listing pay would lead to lawsuits. Those are now starting to arrive, writes Kris Johnson.
Dec. 21—OLYMPIA — According to an announcement from the Association of Washington Business, several employer groups in Washington state filed a lawsuit Dec. 4 in U.S. District Court for the ...