International Business News - Washington http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif A genealogy Web site says it has found the king of America--or rather, the descendant of George Washington's family who would have most likely held the title had the nation's first president been its first monarch instead. http://www.ibtimes.com/articles/20081008/texan-is-washingtons-kin-and-couldve-been-king.htm Wed, 08 Oct 2008 00:21:51 EDT Lawyers for Washington Mutual Inc. and its bondholders stood before a Delaware bankruptcy court judge on Friday to tussle over assets--including $5 billion in cash--and set timelines for the organized demise of what was once the nation's largest savings and loan. http://www.ibtimes.com/articles/20081003/wamu-debt-holders-stake-claim-in-bankruptcy-court.htm Fri, 03 Oct 2008 13:40:02 EDT The CEO of failed Washington Mutual Inc. and five other senior executives of the largest U.S. thrift, now owned by JPMorgan Chase & Co., are leaving their positions soon. http://www.ibtimes.com/articles/20081003/ceo-5-other-washington-mutual-executives-leaving.htm Fri, 03 Oct 2008 02:46:45 EDT The CEO of failed Washington Mutual Inc. and five other senior executives of the largest U.S. thrift, now owned by JPMorgan Chase & Co., are leaving their positions soon. http://www.ibtimes.com/articles/20081002/ceo-5-other-wamu-execs-leaving.htm Thu, 02 Oct 2008 22:38:14 EDT The state's flagging economy was the No. 1 topic at Democratic Gov. Chris Gregoire and Republican challenger Dino Rossi's third debate, although the candidates also squared off on immigration, energy and water issues. http://www.ibtimes.com/articles/20081002/at-washington-gov-debate-economy-is-no-1-issue.htm Thu, 02 Oct 2008 07:12:32 EDT The Washington Post Co. spent $80,000 in the second quarter lobbying on journalism-related legislation, according to a July congressional disclosure report. http://www.ibtimes.com/articles/20080930/washington-post-co-spent-80k-in-2q-lobbying.htm Tue, 30 Sep 2008 12:44:34 EDT Washington Post Co. said Monday it agreed to buy Foreign Policy magazine from the Carnegie Endowment for International Peace. The newspaper publisher did not disclose financial details of the deal. http://www.ibtimes.com/articles/20080929/washington-post-to-buy-foreign-policy-magazine.htm Mon, 29 Sep 2008 16:06:48 EDT Standard & Poor's Ratings Services cut its counterparty credit rating and senior unsecured debt ratings on Washington Mutual Inc. by three notches Monday, saying it expects the thrift's holding company to file bankruptcy. http://www.ibtimes.com/articles/20080929/standard-poors-slashes-ratings-on-wamu.htm Mon, 29 Sep 2008 15:51:07 EDT A Hong Kong bank said Monday it has about 362 million Hong Kong dollars ($47 million) in exposure to failed American bank Washington Mutual. Dah Sing Banking Group Ltd. made the announcement as Hong Kong investors remained jittery about the U.S. financial crisis. Last week, locals withdrew deposits from Bank of East Asia after unconfirmed rumors that it was failing. The Hong Kong Monetary Authority denied the rumors. http://www.ibtimes.com/articles/20080929/hong-kong-bank-reveals-exposure-to-wamu.htm Mon, 29 Sep 2008 09:55:24 EDT The holding company for Washington Mutual, the thrift that was seized by the Federal Deposit Insurance Corp. last week and had its banking assets sold to JPMorgan Chase & Co. for $1.9 billion, lists debts of more than $8 billion in a Delaware bankruptcy filing. http://www.ibtimes.com/articles/20080928/wamu-lists-debt-of-8b-in-bankruptcy-filing.htm Sun, 28 Sep 2008 17:31:35 EDT Washington Mutual Inc. will be replaced by Flowserve Corp. in the benchmark S&P 500 Index after the close of trading Monday, Standard & Poor's said Friday. http://www.ibtimes.com/articles/20080926/flowserve-replaces-washington-mutual-in-s-p-500.htm Fri, 26 Sep 2008 18:30:53 EDT Standard & Poor's Ratings Services on Friday downgraded its ratings of Washington Mutual Inc.'s debt to a level signifying default on financial obligations, after the thrift became the largest U.S. bank to fail. http://www.ibtimes.com/articles/20080926/s-p-cuts-wamu-ratings-further-after-fdic-seizure.htm Fri, 26 Sep 2008 14:48:23 EDT Fitch Ratings said Friday it has downgraded the issuer-default rating on Washington Mutual Inc. to "C" from "B-" and placed the company's ratings on negative watch, meaning they may be cut further. http://www.ibtimes.com/articles/20080926/fitch-cuts-wamu-ratings-after-fdic-seizure.htm Fri, 26 Sep 2008 11:01:57 EDT Toronto-based financial services firm Sun Life Financial Inc. said Friday it has minimal exposure to subsidiaries of Washington Mutual Inc. Washington Mutual, one of the country's largest banks, collapsed under the weight of its bad bets on the mortgage market. The Federal Deposit Insurance Corp. seized WaMu on Thursday, and then sold the thrift's banking assets to JPMorgan Chase & Co. for $1.9 billion. http://www.ibtimes.com/articles/20080926/sun-life-says-washington-mutual-exposure-minimal.htm Fri, 26 Sep 2008 10:18:08 EDT JPMorgan Chase & Co.'s $1.9 billion acquisition of failed bank Washington Mutual Inc., will boost JPMorgan's earnings as soon as next year, an analyst said Friday. http://www.ibtimes.com/articles/20080926/ahead-of-the-bell-washington-mutual-jpmorgan.htm Fri, 26 Sep 2008 08:05:08 EDT Was it Morgan riding to the rescue, 101 years later? The latest stunning turn in the financial crisis--the buyout of failed Washington Mutual, the nation's largest thrift, by investment bank JPMorgan Chase & Co.--had a historic ring. http://www.ibtimes.com/data/articleimgs/139058-jpmorgan-washington-mutual.jpg http://www.ibtimes.com/articles/20080926/jpmorgans-buyout-of-wamu-has-familiar-ring.htm http://www.ibtimes.com/articles/20080926/jpmorgans-buyout-of-wamu-has-familiar-ring.htm Fri, 26 Sep 2008 00:54:37 EDT As the debate over a $700 billion bank bailout rages on in Washington, one of the nation's largest banks--Washington Mutual Inc.--has collapsed under the weight of its enormous bad bets on the mortgage market. http://www.ibtimes.com/data/articleimgs/139418-jpmorgan-washington-mutual.jpg http://www.ibtimes.com/articles/20080926/jpmorgan-chase-buys-wamu-assets-after-fdic-seizure.htm http://www.ibtimes.com/articles/20080926/jpmorgan-chase-buys-wamu-assets-after-fdic-seizure.htm Fri, 26 Sep 2008 16:00:23 EDT JPMorgan Chase & Co. Inc. acquired the assets of Washington Mutual Inc.'s banking operations Thursday after federal regulators seized the ailing thrift, the country's largest. http://www.ibtimes.com/articles/20080925/report-jpmorgan-to-buy-wamu-deposits-branches.htm Thu, 25 Sep 2008 21:39:07 EDT JPMorgan Chase & Co. Inc. came to the rescue of Washington Mutual Inc. Thursday, buying the thrift's banking assets after WaMu was seized by the Federal Deposit Insurance Corp. in the largest failure ever of a U.S. bank. This is the second time in six months that JPMorgan Chase has taken over a major financial institution crippled by bad bets in the mortgage market. http://www.ibtimes.com/articles/20080925/wamu-under-the-lens-of-regulators-suitors.htm Thu, 25 Sep 2008 23:39:19 EDT Washington Real Estate Investment Trust said Thursday that it will sell 1.5 million shares in a public offering. The company will also grant underwriters an option to buy another 225,000 shares. http://www.ibtimes.com/articles/20080925/washington-reit-to-sell-1-5-million-shares.htm Thu, 25 Sep 2008 17:01:10 EDT