So who's gonna buy it.
Sep. 18th, 2008 09:23 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
patgundNever fails. I find a bank I like, and they get taken over or sold. Usually by someone pretty slimy to boot. Happened with CalFed, happened with Crocker, happened with Security Pacific. Now it looks like WaMu is going on the shopping block.
WaMu scrambles to stay alive; it may be trying to find buyer
"WaMu's options seemed to be narrowing almost hourly. With other troubled financial firms seeking buyers to avoid bankruptcy or federal takeover, fewer and fewer companies have both the means and the potential desire to buy WaMu.
"The cumulative, corrosive effect of all the bad news" is forcing WaMu's hand, said Bert Ely, a banking-industry consultant in Alexandria, Va. "They're kind of twisting in the wind, and the pressure of time is working against them."
Most often mentioned as potential buyers were JPMorgan Chase, Wells Fargo and HSBC. Other names observers suggested include Citigroup, U.S. Bancorp, Barclays, Banco Santander and BNP Paribas, parent of Bank of the West."
[Poll #1262384]
WaMu scrambles to stay alive; it may be trying to find buyer
"WaMu's options seemed to be narrowing almost hourly. With other troubled financial firms seeking buyers to avoid bankruptcy or federal takeover, fewer and fewer companies have both the means and the potential desire to buy WaMu.
"The cumulative, corrosive effect of all the bad news" is forcing WaMu's hand, said Bert Ely, a banking-industry consultant in Alexandria, Va. "They're kind of twisting in the wind, and the pressure of time is working against them."
Most often mentioned as potential buyers were JPMorgan Chase, Wells Fargo and HSBC. Other names observers suggested include Citigroup, U.S. Bancorp, Barclays, Banco Santander and BNP Paribas, parent of Bank of the West."
[Poll #1262384]
