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Why Banks Fail
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Why do banks fail? Open discussion about the current economic situation
Recent Posts Tagged With 'washington mutual'
Credit Suisse to cut 5,300 jobs
More job cuts (it just doesn’t stop) … at least this one isn’t only in the US. Credit Suisse announced an additional 5300 jobs to be cut from its global workforce. This comes after already losing 1800 jobs this year. That accou...
JP Morgan to cut 9,200 jobs at WaMu
We have been following the JP Morgan / WaMu story for a while (there should be some related links below). According to the BBC, JP Morgan Axes 9,200 jobs at WaMu. WaMu, Washington Mutual, was the largest US bank to fail. It was sold by regulators t...
Washington Mutual to layoff 1600 in San Francisco
The Breakdown: Washington Mutual (WaMu) failed on September 29, 2008 Biggest bank failure in history Federal regulators seized operations and sold to JP Morgan WaMu cuts payroll by 13% in California 1600 call center jobs cut Another day, more layof...
