Inside these posts: FDIC suit

Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.

 

FDIC sues former execs, wives in WaMu failure

The Federal Deposit Insurance Corp. sued three former executives of the failed Washington Mutual Bank, along with two of their wives, in a lawsuit filed on Wednesday.

The FDIC is seeking $900 million in damages, charging gross negligence and other failures by the former executives in the run up to WaMu’s collapse in September 2008, the largest U.S. banking failure. Get the full story »