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Washington Mutual, Inc. (often abbreviated to WaMu) was an American savings bank holding company based in Seattle. ... Its stock price dropped to $0.16 a share, ...
A dividend stock is just a publicly traded company that pays a dividend, while a dividend-focused mutual fund or ETF is a basket of many dividend-paying stocks.
However, its stock price plunged 27 percent on September 26 due to the seizure of Washington Mutual the previous night. On the same day, several businesses and institutional depositors withdrew money from their accounts in order to drop their balances below the $100,000 insured by the Federal Deposit Insurance Corporation (FDIC) – an event ...
Providian. Providian Financial Corporation was one of the leading credit card issuers in the United States when it was sold to Washington Mutual for approximately US$ 6.5 billion in October 2005. Providian was headquartered in San Francisco, California, and had more than 10 million card holders at the time of its sale.
In 2008, Washington Mutual faced mounting losses from the mortgage market and steep declines in stock prices as a result of the subprime mortgage crisis. The board of directors removed Killinger as CEO on September 8, 2008, replacing him with Alan H. Fishman.
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