Financial bonanza

In more than two years covering WaMu, Puget Sound Business Journal Staff Writer Kirsten Grind has chronicled the inside story of the bank’s demise.

Her award-winning series revealed that the bank was “well-capitalized” when it was seized, that regulators undercut its efforts to find a buyer and that JPMorgan Chase had a plan to buy it from the government months before the bank was seized.

Read the PSBJ's prior coverage of WaMu:

The downfall of Washington Mutual

The Washington Mutual decision

The deal for Washington Mutual

Grind also broke the inside story on how Killinger’s management of the bank led it toward disaster by expanding its exposure to risky subprime loans.

Insiders detail reasons for WaMu's failure

Recent developments in the WaMu story include a proposed settlement in the bankruptcy case.

Read recent coverage here

WaMu holding company reaches settlements with FDIC, Chase

JPMorgan says ‘sell’ — Washington Mutual shares must go

Cantwell reveals another WaMu inquiry

FDIC’s WaMu role under investigation by Senate subcommittee

The downfall of Washington Mutual continues to reverberate and generate news more than a year and half after it was seized and sold to JPMorgan Chase by the FDIC and OTS."

Former executives Kerry Killinger and Steve Rotella are testifying in Congress on April 13 about the bank’s exposure to subprime loans. Killinger’s prepared remarks will say that the bank was seized prematurely by regulators, a move that cost investors billions of dollars, according to people familiar with the testimony.

Follow the coverage here:

Live Blog from Capitol Hill

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Filed under: management by Pascal