Questions and Answers about
WaMu
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in BusinessSilicon Valley Bank went bust in 2023, becoming the second-largest bank failure in US history. Which bank was the largest?
Answer: Washington Mutual, or WaMu, was a savings and loan association that collapsed in 2008 at the height of the global financial crisis. It had $307 billion in assets and was sold to JPMorgan Chase for a bargain price of $1.9 billion. The bank’s failure was the largest in US history, surpassing the previous record…
