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Washington Mutual Bank will buck the national trend of charging consumers more fees by dropping a surcharge in California when customers of other banks use its automated teller machines ...
Kirsten Grind, author of The Lost Bank, a book about Washington Mutual. (Photo by Nicole Mercado ... according to a filing Friday by California financial regulators. That deficit is what prompted ...
It is the second biggest bank failure in U.S. history, behind Washington Mutual during the height of the financial crisis more than a decade ago. Silicon Valley was heavily exposed to the tech ...
The collapse of Washington Mutual (WaMu), which was eventually ... $42 billion withdrawn from Silicon Valley Bank on Thursday alone, according to California’s Department of Financial Protection ...
California. It was the largest bank failure since Washington Mutual went under in 2008. How did we get here? And will the steps the government unveiled over the weekend be enough? Here are some ...
Washington Mutual, via the FDIC as receiver, filed a breach-of-contract lawsuit against Freedom Mortgage Corp. on Friday in California Central District Court. The suit, brought by Mark Migdal ...
Silicon Valley Bank has been closed by the California Department of Financial Protection and Innovation, and the Federal Deposit Insurance Corporation (FDIC) has been appointed receiver ...
Chairman Kerry Killinger said in a statement that "significant expense reductions" were needed "to further fortify" the bank's capital ... Elsewhere in California, Washington Mutual will close ...
After all, they were, respectively, the second and third largest bank failures in U.S. history. The largest one happened when the FDIC seized control of Washington Mutual Bank in September 2008.
The sudden collapse of Silicon Valley Bank has sent shockwaves across ... SVB is the largest lender to fail since Washington Mutual went down during the 2008 global financial crisis, and its ...
sold “defective loans” funded by Washington Mutual into RMBS trusts. Deutsche Bank served as a trustee on these trusts, which included at least 24 mortgage loans brokered by CTX. The FDIC is ...