US federal regulators have shut down the biggest US saving and loan bank, Washington Mutual.
Banking giant JP Morgan Chase has purchased the bank's consumer deposit accounts for 1.9 billion dollars, guaranteeing that no depositor would lose money. Worried bank customers withdrew more than 16 billion dollars from their accounts in the past week, which led to the bank to be declared unsound. Washington Mutual, which has assets of over 300 billion dollars, also lost a reported 19 billion dollars US shares slide on bail-out fears ...
English-Speaking Population Grows, but Not Enough for Brussels ...
Old Mutual loses on Freddie Mac rescue ...
Six dead in US shooting attacks ...
US Secretary of State arrives in Georgia ... on bad mortgage loans.
(Deutsche Welle)
more info >>
<< Back