What type of financial institution was Washington Mutual?
Commercial Bank
Savings and Loan Association
Credit Union
Investment Bank
Answer
Washington Mutual was a savings and loan association, which is a type of financial institution that specializes in accepting savings deposits and making mortgage loans. It was the largest savings and loan association in the United States until its collapse in 2008.
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What caused the 9-day bank run at Washington Mutual in 2008?
How much did JPMorgan Chase pay for Washington Mutual's banking subsidiaries?
In which state was Washington Mutual, incorporated?
What was Washington Mutual's rank among US banks before its receivership?
How much debt did WaMu, have after losing its banking subsidiary?
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