Tag Archives: security-authorities


JPMorgan Purchases WaMu Branches for $1.9 Billion

September 26, 2008 : Permalink

New York (HedgeCo.Net) – JPMorgan Chase & Co. has purchased Washington Mutual’s branch network for $1.9 billion, making them the largest U.S. bank by deposits. The deal was encouraged by the U.S. government after consumers withdrew over $16 billion from […]

Wall Street CEOs Bag $3bn During Toxic Securities Build-Up

September 26, 2008 : Permalink

Here Is The City – Bloomberg reports that CEOs at Wall Street’s top five securities house earned a staggering $3bn between them from 2003 and 2007, during the time when the subprime and toxic securities timebomb was ticking away in […]

Shareholders Approve $7.2 Billion WaMu Bailout

June 25, 2008 : Permalink

New York (HedgeCo.Net) – A $7.2 billion bailout package was approved Tuesday by 94% of Washington Mutual Shareholders in a move that gives private equity firm TPG control of over 50% of the company, says the Seattle Times. Not that […]