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Washington Mutual Bank

TOP 50
https://www.chase.co..
Category: Banks
Washington Mutual, Inc., together with its subsidiaries, operates as a consumer and small business banking company in the United States. It operates in four segments: Retail Banking Group, Card Services Group, Commercial Group, and Home Loans Group. The Retail Banking Group segment offers deposit and other retail banking products and services, which include checking and interest-bearing checking, personal checking, savings, money market deposit, and time deposit accounts to consumers and small businesses; loan products comprising home loans, home equity loans, home equity lines of credit, and mortgage loans; and investment advisory and brokerage services. The Card Services Group segment?s operations consist of issuing credit cards, holding outstanding balances on credit cards in portfolio or securitizing and selling them, servicing credit card accounts, and providing other cardholder services. The Commercial Group segment provides finance to developers and investors for multi family dwellings and other commercial properties, services multi family and other commercial real estate loans, and provides limited deposit services to commercial customers. The Home Loans Group segment originates, fulfills, and services home loans, and home equity loans and lines of credit; manages capital market operations; and holds the company?s held for investment portfolios of home loans, home equity loans, and home equity lines of credit made to higher risk borrowers through the subprime mortgage channel.
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Chase destroyed them
WaMu was a good bank until Chase took them over.

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It was good bank
Paypal credit card was bought by them. They were good. Then Chase bought them.

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Wasn't bad when I was a customer
WaMu neither blew me away nor let me down with their service. I had a credit card with them and everything was great until Chase took them over. I can't stand Chase so once they were bought out I paid off my card and closed the account. I'll die before I give Chase anymore of my money

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Mike_ESO Paxton, MA

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r.i.p
i liked washington mutual when i banked with them.

probably what i liked most was their interesting teller layout. other than that they were pretty inefficient in many ways....like their interesting teller layout

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Choice2099 sugar land, tx

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Boy, did they get screwed
I am not defending their risky lending practices, or shady participation in the MBS markets, but the FDIC getting on their high horse and shutting them down because of paper losses during the biggest real estate decline in history, was merely to make an example out of them, and to refute the idea that our regulators were not sleeping on our tax dollars. To top it all off, our wonderful regulators gave 163b in deposits to Jamie Dimon (Chase) for the bargain basement price of 1.9b. All of this, of course, was done using your tax dollars. All the gov't really had to do was to turn the bad paper over to the Fed because that is what happened anyway when they printed 800b dollars and gave to everyone BUT Wamu.

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Wamuq
Bought out by Chase, still trading stock symbol WAMUQ. Never liked them, they charged tremendous fees and customer service sucks big time.

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Royskidorski puyallup, wa

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Not sure why they're here...they don't exist anymore
WaMu was taken over by Chase in late 2008, so I'm not sure why they're even listed here. I'm not a WaMu fan simply because their former CEO Kerry Killinger screwed a lot of people over, including employees. Many lost their jobs (including my wife) because of Killinger's recklessness, and yet he, like other big bank CEOs, were given nice golden parachutes to escape the wreck they left behind.

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Yngvai Redmond, WA

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