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JPMorgan Chase cleared in 401(k) suit filed by Washington Mutual workers
A judge in Seattle has dismissed an attempt by former Washington Mutual Inc. employees to recoup their retirement account losses from JPMorgan Chase & Co.
Dimon sees 2010 rebound for JPMorgan
JPMorgan Chase & Co. will face “highly challenging conditions” in 2009 but could have a “strong recovery” in 2010, the Wall Street giant’s chief executive, Jamie Dimon, told employees in Hong Kong today, according to Bloomberg.
FDIC claims rights to WaMu’s JPMorgan deposit
The Federal Deposit Insurance Corp. filed papers Monday stating that it has a right to a $4.4 billion deposit that Washington Mutual Inc. claims to own.
Feds to probe WaMu collapse
In response to calls for an investigation into the demise of Washington Mutual Inc., the U.S Attorney’s Office for theWestern District of Washington has announced that a task force is examining the bank’s activities to see if any federal laws were violated.
WaMu buy gives JPM 15% of bank-broker market
Accounting for roughly 10% of the nation’s retail-securities business done at banks, JPMorgan Chase & Co. is set to become even more dominant in that segment once it completes its $1.9 billion takeover of Washington Mutual Inc.
CEO Fishman could exit WaMu with $11.6M
Mr. Fishman appears set to collect a payout worth $11.62 million if he leaves the company “with cause” or because of “constructive termination."
Jamie Dimon fans say ‘Thank you, WaMu’
JPMorgan Chase & Co.'s cut-rate acquisition of Washington Mutual gives JPM a huge lift, creating a 240,000-employee competitor with Bank of America.
WaMu seized, sold to JPMorgan Chase
JPMorgan Chase & Co. will acquire all deposits, assets and certain liabilities of Washington Mutual Inc. from the Federal Deposit Insurance Corp., which has taken control of the nation’s largest thrift.
