WaMu Is Seized, Sold Off to J.P. Morgan, In Largest Failure in U.S. Banking History - WSJ
In what is by far the largest bank failure in U.S. history, federal regulators seized Washington Mutual Inc. WM-1.45 % and struck a deal to sell the bulk of its operations to J.P. Morgan Chase JPM-2.54 % & Co. The collapse of the Seattle thrift, which was...