WaMu fails, sold to J.P. Morgan Chase for $1.9 billion

WaMu fails, sold to J.P. Morgan Chase for $1.9 billion In the largest bank failure in U.S. history, Washington Mutual Inc. succumbed Thursday to the fallout from the subprime mortgage crisis, was seized by federal regulators and rapidly acquired by J.P. Morgan Chase for $1.9 billion. ...Read the rest of the story