WaMu is for sale
September 18, 2008 by Tisa Silver
Filed under Investing
I threw it out there earlier this week, but it has been confirmed: Washington Mutual is looking for a buyer.
Maybe WaMu has publicly denied rumors that it was searching for a buyer, while privately sporting a “FOR SALE” sign in an attempt to raise confidence or safe face…I’m reaching here!
IDK, but WaMu’s stock has shed over 90 percent of its value in the past year and regulators were asking other banks about a possible purchase well before WaMu fessed up.
Shares of WaMu opened 28 cents higher, representing a 14 percent gain from yesterday’s close.
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Check out what others are saying about this post...[...] is still weak. Additionally, there are worries that another major bank could fail. Some banks, like Washington Mutual, are considering auctioning themselves off to stem the blood loss. As a result there is still a [...]