|
09-25-2008, 07:07 PM
|
|
Senior Member
|
|
Join Date: Jul 2008
Location: Seattle, WA
203 posts, read 132,492 times
Reputation: 75
|
|
Breaking News :: JPMorgan acquires Washington Mutual’s (WaMu) Bank Deposits
Well this has been rumored for some days now and it has now been completed. With their deposits 3 times the FDIC’s balance sheet, this was something that was going to happen.
JPMorgan Chase will acquire the deposits of Washington Mutual, CNBC has learned. The deal is expected to be announced during a Thursday night conference call at 9:15 p.m. ET( or via live audio webcast at www.jpmorganchase.com). This deal will mark the end of independence for what once was the largest U.S. thrift.
JPMorgan acquires Washington Mutual’s (WaMu) Bank Deposits
Last edited by Waterlily; 09-25-2008 at 09:37 PM..
Reason: no phone numbers please
|
|
09-25-2008, 07:39 PM
|
|
Senior Member
|
|
Join Date: Jul 2008
130 posts, read 93,196 times
Reputation: 55
|
|
|
Thanks for the update. I've been awaiting this posting for weeks.... Looks like I have a new bank...
|
|
09-25-2008, 07:45 PM
|
|
Member
|
|
Join Date: Sep 2008
19 posts, read 25,714 times
Reputation: 16
|
|
This was totally expected. I'm just wondering why they didn't take on their loan portfolio  . Just kidding - we all know why... Really bad loans, they did a ton of really bad loans.
Hey guys - this is where your bailout money is going to go; not BofA. |
|
09-25-2008, 07:51 PM
|
|
Senior Member
|
|
Join Date: Jul 2008
Location: Seattle, WA
203 posts, read 132,492 times
Reputation: 75
|
|
|
I will be listening to the conference call to hear what they say.
|
|
09-25-2008, 09:04 PM
|
|
Senior Member
|
|
Join Date: Sep 2007
Location: San Diego/Chula Vista
730 posts, read 697,276 times
Reputation: 167
|
|
BREAKING NEWS: FDIC seizes WaMu after JPMorgan bails them out?
huh? what's going on?
|
|
09-25-2008, 09:17 PM
|
|
I am not politically correct
|
|
Join Date: Jan 2008
Location: Hell with the lid off, baby!
2,132 posts, read 1,357,497 times
Reputation: 277
|
|
Quote:
Originally Posted by SouthCali4LifeSD
huh? what's going on?
|
JPMorgan Chase bought out WaMu tonight. JP is stable, for now, don't panic. Everyone's money in WaMu is still there. There's another thread concerning this.
http://www.city-data.com/forum/business-finance-investing/443731-wamu-purchased.html |
|
09-25-2008, 09:35 PM
|
|
Quiet as a mouse
|
|
Join Date: May 2008
Location: TX
565 posts, read 399,555 times
Reputation: 159
|
|
JP Morgan vs. WaMu
What do customers of the former WaMu be expecting from their new owner? How is it different, for better or for worse, from WaMu? (p.s. My only experience is them is with Chase's United Mileage program.)
|
|
09-25-2008, 09:53 PM
|
|
I am not politically correct
|
|
Join Date: Jan 2008
Location: Hell with the lid off, baby!
2,132 posts, read 1,357,497 times
Reputation: 277
|
|
Quote:
Originally Posted by phoenix_talons
What do customers of the former WaMu be expecting from their new owner? How is it different, for better or for worse, from WaMu? (p.s. My only experience is them is with Chase's United Mileage program.)
|
JPMorgan Chase just switched to commercial banking, to stabilize themselves. JPMC is one of the few giant investment banks that survived last week, if that tells ya anything. I have a 401k with them, I'm letting it ride through this mess, and it's still stable. |
|
09-25-2008, 09:59 PM
|
|
Senior Member
|
|
Join Date: Jan 2007
Location: San Diego CA
221 posts, read 236,973 times
Reputation: 68
|
|
|
I am very pleased to hear this news. There is a new WAMU branch that is opening soon in my area. I am going to be a Chase Customer!~
~ Whoo Hoo
|
Please register to post and access all features of our very popular forum. It is free and quick.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
|
|
Welcome to City-Data.com forum! Make sure to register - it's free and very quick! You have to register before you can post and participate in our discussions with 700,000 other registered members. User profiles and some forums can only be seen by registered members. After you create your free account you will be able to customize many options, you will have the full access to over 15,000 posts/day about local topics and you will see fewer ads. 
Linear Mode
