Another day, another bank failure. This time WaMu (Washington Mutual) has fallen is what is termed the biggest banking failure in US history. JPMorgan Chase & Co has acquired Washington Mutual’s branch network for $1.9 billion
» Washington Mutual collapse ‘biggest in US history’ – The ABC, 26th September 2008.
» JPMorgan Buys WaMu Deposits; Regulators Seize Thrift (Update1) – Bloomberg, 26th September 2008.
» Takeover of Washington Mutual creates largest US depository – The Australian, 26th September 2008.