WaMu gets $7 billion infusion, cuts jobs, sees big loss (Washington Post)

Story date: 2008-04-08 08:06:40
Added on: 2008-04-08 08:13:16

NEW YORK (Reuters) - Washington Mutual Inc (WM.N), the largest U.S. savings and loan, said on Tuesday it obtained a $7 billion capital injection from private equity firm TPG Inc and other investors, but that mortgage problems will lead to a $1.1 billion quarterly loss and the elimination of 3,000 jobs.


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