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Washington Mutual Inc.

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JPMorgan rockets as London investment bank surges

14.10.09

JPMorgan Chase today reported booming profits driven by a stellar performance at its investment banking division in London ... more

Toscafund chief takes pay cut of Ł60 million

14.05.09

Martin Hughes, the high-profile hedge-fund manager and majority owner of Toscafund Asset Management, took a massive pay cut last year but still collected a cool Ł15 million... more

JPMorgan profits boost confidence in Wall Street

16.04.09

America’s biggest bank JPMorgan Chase reported better-than-expected first-quarter profits, making it the third US bank to cheer Wall Street in a week... more

JPMorgan expects crisis to get worse

15.01.09

Economy: JPMorgan underlined its credentials as one of the great survivors of the credit crunch as the US banking giant announced it still made a profit in the last quarter of 2008... more

Citi-Morgan talks seen leading to wave of deals

12.01.09

Finance: Citigroup and Morgan Stanley are set to announce a deal to combine their brokerages, a move that could trigger a fresh wave of consolidation in the troubled and thinning banking industry ... more

We’ve heard the Purnell spiel on welfare before

12.12.08

A great fanfare for Work and Pensions Secretary James Purnell’s declaration that the unemployed will be required to undertake some work. Er, haven’t we heard all this before?... more

Hurricanes hit Zurich profits

13.11.08

Zurich Financial, the world's fifth-largest insurer, saw operating profits fall 15% to $4.2bn in the first nine months, amid a double hit by hurricanes and the financial markets slump... more

RBS warns of job cuts despite its bailout

04.11.08

Banking: Royal Bank of Scotland warns of worse to come as it reveals the final details of its Ł20 billion bailout by the Government... more

Writedowns top Ł5bn after savers rush to pull out cash

03.11.08

Banking: HBOS admitted it suffered a serious surge in savers withdrawing their cash in the six weeks of September and early October ahead of the Government's bailout and forced takeover by Lloyds TSB... more

US banks owe execs Ł24 billion in bonuses

31.10.08

Banking: Banks in the US, receiving billions of dollars in taxpayer bailouts, owe their executives more than $40 billion in pay and bonus deals racked up before they hit the rocks... more

Turmoil slices MetLife income

08.10.08

Credit crunch: America's biggest life insurer, MetLife, admits third-quarter profits will plunge by up to 48% as investment income is slashed by the financial turmoil... more

Countdown to Chancellor's bail-out

08.10.08

17 July 2007 - Two hedge funds specialising in the US sub-prime mortgage market declared worthless by US investment bank Bear Stearns.... more

It’s a bit late for broker to stop coverage of B&B

30.09.08

Shares of failed buy-to-let lender Bradford & Bingley were suspended at 20p before the start of trading on the stock market, to allow for the transfer of ownership into public hands... more

Wachovia saved from bankruptcy by Citigroup

29.09.08

Citigroup saved US bank Wachovia from almost certain bankruptcy as the worst financial crisis since the Great Depression wreaked more havoc on Wall Street... more

Timed out by fighting over Paulson plan

26.09.08

Analysts are beginning to ask whether Washington Mutual — or indeed Lehman Brothers before it — could have been saved had Treasury Secretary Hank Paulson come up with his plan earlier... more

Credit crunch claims WaMu as its biggest victim

26.09.08

Credit Crunch: Collapsing confidence in the US economy and financial system claims its biggest victim as Washington Mutual becomes the largest banking collapse in US history... more

History repeats itself as Morgan rides to the rescue

26.09.08

JP Morgan's acquisition of Washington Mutual, following its key role in the rescue of Bear Stearns, has led some to compare the bank’s chief executive Jamie Dimon to his firm’s legendary founder J Pierpont Morgan... more

Bailout chaos hits the City

26.09.08

The global banking crisis deepened after American politicians failed to agree a bail-out deal, plunging the world's financial system back into despair after a day of rising optimism... more

500 London jobs to go as HSBC axes back-room staff to cut costs

26.09.08

Banking giant HSBC is axeing more than 500 London jobs as part of a worldwide programme of cut-backs in its global banking and market division... more

Stand by for Black Monday

26.09.08

The City is bracing itself for a "Black Monday" meltdown after President Bush admitted he had failed to land a bank bail-out deal... more

HSBC abandons Ł3.3 billion chase for Korea bank stake

19.09.08

Banking: HSBC, which has been linked to a range of deals to pick up distressed US banks, has found itself with even deeper pockets after walking away from it its long-running Ł3.29bn pursuit of Korea Exchange Bank... more

Loss-making Washington Mutual may soon be on the market

18.09.08

Banking: US building society Washington Mutual is said to be closer to sale after its largest investor agreed to let it raise capital, even if that meant diluting the group’s holdings... more

JPMorgan in new tilt

16.09.08

Jamie Dimon’s JPMorgan Chase is expected to make a new bid for Washington Mutual, the biggest building society in the US, after its credit rating was cut to junk by Standard & Poor’s... more

Commentary: Don't hold your breath, the West's finance system is on the rocks

15.09.08

So the worst kept secret in the City and Wall Street is out: after Lehman, Merrill was next. It was the bank causing the most anxiety, the big one, that if it collapsed, could bring the whole pack of cards crashing down. Merrill occupies a position in American society quite different from its relative obscurity here... more