Globonomics!

Consulting|Technology|International business

WaMu goes to JPMChase

leave a comment »

Washington Mutual is the largest bank failure in US history. It went up for grabs yesterday as JPMorgan Chase & Co. quickly acquired it for $ 1.9 billion.

This continues the series of fallouts of companies since last week when Lehman announced bankruptcy and Merrill got acquired by Bank of America.

How did JPMorgan stay clear of this mess? The answer might be here – http://money.cnn.com/2008/08/29/news/companies/tully_jpmorgan.fortune/index.htm?postversion=2008090216. I have a lot of respect and admiration for CEO of JPMChase (NYSE: JPM), Jamie Dimon for staying clear of this.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: