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JPMorgan Chase Agrees to Take Over Ailing Washington Mutual At $1.9 billion

posted September 26, 2008 - 12:22am
JPMorgan Chase Agrees to Take Over Ailing Washington Mutual At $1.9 billion

JPMorgan Chase has announced that it will take over the ailing Washington Mutual at a cost of $1.9bn, according to this news report.

After hours of deliberation with President George Bush in Washington over the Economic Crisis, "they failed to reach an agreement on a massive $700bn (£380bn) government proposal to bail out the troubled US finance sector."


Website: http://news.bbc.co.uk/2/hi/business/7636943.stm
Author: carracer
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