Monday, September 8, 2008

Biggest US Savings & Loan Corp dumps CEO

WaMu Ousts Killinger After Losses; Fishman Named CEO

Financial institutions worldwide have racked up more than $500 billion in credit losses and writedowns. WaMu said in July that rising delinquencies on option adjustable-rate mortgages will contribute to mortgage losses near the top end of its $12 billion to $19 billion range predicted in July.

Posted by alan @ 07:23 PM (429 views)
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