An Ailing Wamu May Be Headed Toward Sale
Deseret News (Salt Lake City) › September 18, 2008
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Summary
Ailing bank Washington Mutual Inc. appeared headed toward a sale Wednesday after a major investor removed a potential stumbling block and nervous banking regulators began approaching the most logical buyers.
The New York Times, citing unidentified people familiar with the matter, said an auction of the bank was already under way, and The Wall Street Journal reported Wells Fargo & Co. and Citigroup Inc. expressed interest in a takeover.See the full content of this document
Extract
An Ailing Wamu May Be Headed Toward Sale
WaMu, Wells Fargo and Citigroup all declined to comment.
A concession by investment firm TPG, which injected $7 billion into WaMu five months ago, may have opened the way to a sale -- or, failing that, made it easie...See the full content of this document
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