The bank web site exercise so it message: WaMu Consumers: Welcome to JPMorgan Pursue
The newest F.D.I.C. pledged one to zero depositors could be harm by WaMu’s collapse, plus the go out as a result of its swan dive branches was open and you may working of course.
The majority of WaMu’s 43,200 employees across the country featured planning to feel JPMorgan pros. At the WaMu head office throughout the landmark Arizona Mutual Tower from the 1201 third Path within the Seattle, although not, the outlook to possess step 3,five-hundred personnel is actually some dimmer. The newest completely predictable consequence of that it contract having Seattle was losing tens of thousands of well-repaid services, thousands of square feet regarding office space emptied aside, and you can a critical downshifting away from regional providing, an excellent Seattle providers columnist authored (Talton, The brand learn the facts here now new Seattle Minutes). It is devastating, told you Deeper Seattle Chamber off Trade Chairman Steve Leahy (Virgin, James, Richman, Post-Intelligencer).
This new WaMu collapse along with is devastating to have guarantee dealers who had held about the end as well as bondholders. Both was basically wiped out. WaMu inventory, which had replaced as high as $ a percentage inside 2006 stood from the sixteen dollars in the event that Brand new York Stock market halted change on shares.
