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Following what WaMu said is an unreasonably low price of $1.9 billion sale to JP Morgan Chase, the failed savings and loan company is suing the FDIC for over $13 billion.
WaMu filed a complaint with the U.S. District Court for the District of Columbia accusing …

As Bank of America makes the move to absorb Merrill Lynch, it could end up cutting 30,000 jobs. The cut would be three times more than what was previously estimated.
Just yesterday, estimates came out that said 10,000 jobs would be cut from the payroll, and …

When JPMorgan acquired Washington Mutual in September, employees at WaMu probably understood that some of them would be cut from the roster. The good news is not all of the positions will be eliminated immediately; around 4,000 jobs will be eliminated by the end of …

What is Wachovia thinking? They just sold several of their retail bank, corporate and investment bank and wealth management businesses to CitiGroup and now are sponsoring the vice presidential debate? What? You’d think that they’d try to save any money they could, in …

The global central banks as well as the U.S Federal Reserve, attempted to pour hard cash into the markets today to ease the current credit crisis. While this had a short term rally on US Indexes(nearly everything ended up across the board today), consumers and …