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Because JPMorgan Chase bought WaMu's assets for a low price, WaMu's stockholders were nearly wiped out. Its stock price dropped to $0.16 a share, well below its high of a year earlier. [192] In its Chapter 11 filing, WaMu listed assets of $33 billion and debt of $8 billion.
Kerry Killinger. Kerry Killinger (born June 6, 1949) is an American businessman and author. He is founder and CEO of Crescent Capital Associates, [1] and previously served as chairman and chief executive officer of Washington Mutual from 1990 until 2008. [2] [3]
After-hours trading refers to the buying and selling of stocks outside of the standard trading hours of 9:30 a.m. to 4 p.m. Eastern Time (ET). This form of trading occurs on electronic ...
Wachovia was a diversified financial services company based in Charlotte, North Carolina. Before its acquisition by Wells Fargo and Company in 2008, Wachovia was the fourth-largest bank holding company in the United States, based on total assets. [3] Wachovia provided a broad range of banking, asset management, wealth management, and corporate ...
WaMu was the largest financial institution overseen by the Office of Thrift Supervision, and WaMu's fees paid for 12% to 15% of the agency's budget, Levin said. "OTS was a feeble regulator," he said.
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According to C-Span on September 26, he was ultimately paid $19 million for three weeks of work at WaMu, including severance pay. Meanwhile, the company's stock price dwindled to pennies after trading as high as $45 a share in 2007. The previous CEO was paid $14 million for one year on the job. References
A late surge in the final stretch of trading pushed the Dow Jones Industrial Average ( ^DJIA) to close above 40,000 for the first time ever Friday — a milestone that comes just 874 trading days ...