Washington Mutual News

For more than a year, we've been chronicling companies that appear to be on their deathbeds.

Grass Splendor: Brandon Weber, leasing agent for CBRE, on the 17th floor garden of 1301 Second Ave.

Washington Mutual CEO Kerry Killinger told Wall Street professionals in June 2005: a oeWe have a significantly above- average risk in housing today.a Hea s shown here in 2007.

A Puerto Rico-based bank has filed a lawsuit against two Washington Mutual subsidiaries, alleging that they didn't properly disclose information about mortgage-backed securities they issued in 2006 and 2007, shortly before the start of the financial crisis.

CIT Group's filing for Chapter 11 protection is the fifth-largest in U.S. history.

CIT Group Inc. on Sunday filed for Chapter 11 bankruptcy protection. CIT's filing is the fifth largest bankruptcy in U.S. history, behind Lehman Brothers Holdings Inc.

The top 10 U.S. bankruptcy filings, based on the companies' most recent annual report before filing for bankruptcy protection: Lehman Brothers Holdings Inc., Sept.

As the CIT Group sought desperately to avoid bankruptcy this summer, it argued that being forced into Chapter 11 protection would spell disaster for its customers: a wide array of the nation's small and midsize businesses who rely on the 101-year-old company for financing.

CIT Group's filing for Chapter 11 protection is the fifth-largest in U.S. history.

Hats off to The Seattle Times for an excellent two-part series investigating the demise of Washington Mutual, onetime hometown hero turned zero .

The story of Washington Mutual Inc. is a horror story for bank executives and one that just won't die.

A federal judge in Seattle ruled Tuesday evening that nearly all of a massive lawsuit against former Washington Mutual executives, directors and others can move forward.

I'm slightly less impressed than Andrew Leonard is with the Seattle Times' two-part series on the extremely high crimes and misdemeanors of Washington Mutual.

A massive shareholder lawsuit lodged against Washington Mutual 's former leadership team will be allowed to move forward, a federal judge in Seattle ruled Tuesday evening.

It's been two years since the Seattle business known locally as "the friend of the family," and known nationally for serving up mortgages to anyone who could be propped up in a chair and made to scrawl something resembling a signature, became better known as the biggest catastrophic bank failure of recent history.

A risky lending product called an option ARM initially helped Washington Mutual - and mortgage brokers, who were paid an especially high commission on these mortgages - make money.

Amid reports that the bankruptcy boom may be coming to an end , companies like NTK Holdings, Stallion Oilfield Services, and Erickson Retirement Communities have sought the refuge of Chapter 11, creating more work for Weil, Gotshal & Manges , Kirkland & Ellis , and DLA Piper .

Then-Washington Mutual CEO Kerry Killinger appears at a housing forum in December 2007.

October 22, 2009 Thursday 07:45 AM EST SECTION: NEWS & ANALYSIS; Financial Services LENGTH: 417 words HEADLINE: BofA Deal May Trigger Bank M&A BYLINE: Dan Freed, TheStreet.com Senior Writer NEW YORK -- Bank of America's sale of First Republic Bank to a group of private equity investors may ramp up deal activity in the bank sector.

The race for City Council Position 2 pits incumbent Richard Conlin, current City Council president, against political newcomer David Ginsberg, a former Solutions Architect at Washington Mutual.