Washington Mutual is Seized by FDIC and banking assets were sold to JPMorgan Chase & Co for $1.9 billion

Washington Mutual is Seized by FDIC and banking assets were sold to JPMorgan Chase & Co for $1.9 billion

Washington Mutual Inc. has been seized by regulators and parts were sold to JPMorgan Chase & Co. in what will rank among the biggest banking failures in U.S. history.

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