Washington Mutual – Largest Banking Failure In History Turns Out Well For Many But Shareholders Left Fuming

The collapse of Washington Mutual Bank on September 25, 2008 is officially listed as the largest banking failure in history by the FDIC. The collapse of Washington Mutual occurred after nervous depositors withdrew $16.7 billion in the ten days prior to the bank’s collapse.   Fearing a classic run on the bank situation and perhaps a […]