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Absolutely...and it would have substanatial effect to stockholders, suppliers, corproate bond holders and such....but depositors probably no real effect. The bank is FDIC protected and deposits are basically guaranteed by the US Government to 100K per account. And even then, deposits would have a very high claim against assets of the bank and probably get paid well ahead of stockholders and such.
Wiki User
∙ 15y ago
Wiki User
∙ 12y agoWashington Mutual applied for bankruptcy because it had almost $8 million in debt because of a problem with the FDIC.
Wiki User
∙ 12y agoIn September 2008, Washington Mutual applied for bankruptcy. The follow-up reports from investigations did not come back until late September however.
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Is Washington Mutual still in business or did it fail during the housing crash?
Washington Mutual is still in business although a lot of people are not happy with them or the way they do business. They have filed for bankruptcy but are still doing business.
Can Washington Mutual offer information about their savings and banking practices to the public?
Washington Mutual cannot offer information about their savings and banking practices to the public. It filed for bankruptcy in 2008 after being stripped of subsidaries, but not its debt or assets. The Washington Mutual banks were sold and rebrande as Chase banks.
Where can one find more information about Washington Mutual?
Washington Mutual was a bank from 1889 until 2009 when it filed for Chapter 11 bankruptcy. The bank was purchased by the J.P. Morgan Chase Company in September 2008.
What types of loans does Washington Mutual Bank offer?
Washington Mutual Bank is no long around, they filed for bankruptcy in 2008, and where taken over by " JP Morgan Chase". They're no long around, so they don't offer loans.
Is Washington mutual a national insurance company?
No. Washington Mutual was the largest savings and loan holding company in the United States until its collapse in 2008. The Washington Mutual Bank was forced into receivership after suffering a bank run and the bank's assets were sold to JP Morgan Chase. The holding company filed bankruptcy in 2009.
Will Washington Mutual stock go up?
Since Washington Mutual has declared bankruptcy, the likelihood of the company's stock of going up is extremely small. Most often, common shareholders will receive nothing for their shares as the company reorganizes it's financial structure.
Is Washington Mutual the same company as Washington Mutual?
"Washinton Mutual is not the same company as Washington Mutual. Washington Mutual is a banking company and Washinton Mutual is retail selling brand, dire stuff to know."
When was Washington Mutual created?
Washington Mutual was created in 1889.
When did Washington Mutual end?
Washington Mutual ended in 2009.
What is the population of Washington Mutual?
The population of Washington Mutual is 49,403.
Will Mark Brodsky of Aurelius do jail time for insider trading?
They are suspected to have engaged in insider trading in the Washington Mutual bankruptcy, so it's possible yes.
Where is Washington mutual's headquarters located?
Washington Mutual's headquarters is located in Seattle, Washington. It's in downtown Seattle as is their previous headquarters, Washington Mutual Tower.
