The Home Front

How Big Is JPMorgan With Washington Mutual?

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September 26, 2008 RSS Feed Print
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Here's a look at how expansive JPMorgan Chase will be after acquiring most of Washington Mutual's operations.

From JPMorgan Chase's press release:

Acquisition creates largest U.S. depository institution, with over $900 billion of customer deposits

Expansion into attractive California, Florida and Washington State markets creates nation's second-largest branch network; also strengthens existing presence in New York, Texas, Illinois, Arizona, New Jersey, Colorado, Connecticut and Utah

Larger branch footprint will allow company to further extend and grow commercial banking, business banking, credit card, consumer lending and wealth management efforts...

Tags:
JPMorgan Chase,
Washington Mutual,
banking

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Ivan of Il. --- you are part of the masses that swallowed this idea that WaMu failed. Tim of MD is correct. It did not fail. It was seized under false pretenses by the FDIC in collusion with JP Morgan. If you know your facts you will find.

- it continued to meet (and exceed) liquidity requirements.

- statements of future liquidity to 2010 were accurate.

- claimed Bank Run was only accounts over 100000 and only 5%.

The idea that WaMu 'failed' is exactly what we are all supposed to believe but when you look at the facts the whole fail thing falls apart.

Here is a website that may enlighten you .. and others on this page:

http://wamurape.org

tihsllub of WA 3:50AM October 26, 2008

This is an outrage The FDIC did not rescue a failed bank They predeived because of the media that it would fail We all want out stock money back Now Get angry and get on the class action line We need bull dog attorney's There are so many violations here it is unreal And to the fools who said we knew the risks It does not apply to seizer It's speaking of trading Not stealing your holdership in the company Please educate your self please e email me to talk or inform me of law suits pending Seeer4078@aol.com

Lori of CA 12:55PM October 01, 2008

Why did FDIC seize WaMu, turned around and 'sold' it to JPM for $1.9B. Why not a brokered sale of WM directly to JPM, like Wachovia's sale to Citi? At the very least, WM shareholders could have gotten maybe $1/share?

Jet of CA 2:55PM September 30, 2008

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