Bank Failures, Bankruptcy, Current Events, Meltdown, Mortgage Lenders, Spillover

WaMu files for bankruptcy

  

SEATTLE, Sep 26, 2008 (BUSINESS WIRE) — WASHINGTON MUTUAL, INC. announced today that it has, together with its wholly-owned subsidiary, WMI Investment Corp., commenced voluntary cases under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The chapter 11 filings were a result of the appointment, by the Office of Thrift Supervision, of the Federal Deposit Insurance Company as receiver of Washington Mutual Bank, Washington Mutual, Inc.’s banking subsidiary on September 25, 2008.
SOURCE: Washington Mutual, Inc.

 

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