Washington Mutual – Largest Banking Failure In History Turns Out Well For...
The collapse of Washington Mutual Bank on September 25, 2008 is officially listed as the largest banking failure in history by the FDIC. The collapse of Washington Mutual occurred after nervous...
View Article$2.3 Trillion In Uninsured Bank Deposits Cause For Concern
December 22, 2010 – The latest FDIC Quarterly highlights the ongoing concern about the FDIC’s ability to protect depositors in the event of a large number of banking failures. Without the explicit...
View ArticleWashington Mutual Soars 350% On Bankruptcy Exit Plan
The failure of Washington Mutual Bank on September 28, 2008 was the largest banking failure in U.S. history. After nervous depositors starting withdrawing billions of dollars, regulators feared that a...
View ArticleBanking Update – Daily Banking News
Welcome to Banking Update, a roundup of articles and news from around the internet. The FDIC settles a civil lawsuit against Washington Mutual executives for a fraction of the $900 million originally...
View ArticleRidiculous Divergence Between Bank CEO Pay And Shareholder Returns
The wide divergence between bank CEO compensation and shareholder returns is an embarrassment to the capitalist notion of linkage between performance and pay. Shareholders of banking stocks have seen...
View ArticleBanks Are A Financial Disaster For Both Shareholders And Depositors
In days gone by, shareholders of large banks viewed their investments as a source of income via dividends and potential capital gains via share appreciation. In days gone by, depositors viewed banks...
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