Hints and tips:
...Former boss Kerry Killinger had gone big on subprime to build what he called “the Wal-Mart of banking”, and was pushed out by investors who didn’t like a rescue refinancing led by TPG Capital....
...Stars and stripes Bob Killinger and Violet Pierce wait for the start of US President Donald Trump’s rally in support of Senator Ted Cruz at the Toyota Center in Houston Close living This aerial photo shows...
...Killinger, meanwhile, ignores warnings, gets divorced, acquires a new wife, a small dog and an appreciation for private jets....
...The FDIC and a lawyer for Mr Killinger declined to comment on the report, says Reuters....
...According to the Financial Times, Kerry Killinger, ex-chief executive of WaMu, Stephen Rotella, former chief operating officer, and David Schneider, the ex-home loans president, were close to agreeing a...
...But Kerry Killinger, ex-chief executive of WaMu, Stephen Rotella, former chief operating officer, and David Schneider, the ex-home loans president, will pay a combined $64m, taking the regulator’s total...
...The people said on Monday that Kerry Killinger, ex-chief executive of WaMu, Stephen Rotella, former chief operating officer, and David Schneider, the ex-home loans president, were close to agreeing a settlement...
...The suit’s individual defendants, which include Kerry Killinger, WaMu’s former chief executive, and Mr Rotella, agreed to pay $105m....
...Mr Killinger released a statement saying the lawsuit was baseless and without merit, according to published reports. The wives of Mr Killinger and Mr Rotella could not be reached for comment....
...In the lawsuit, the FDIC claims that Kerry Killinger, WaMu’s former chief executive; Stephen Rotella, former president and chief operating officer, and David Schneider, former president of home loans, “gambled...
...Mr Killinger said in one e-mail that he did not trust “Goldy”, as he called the bank. “They are smart, but this is swimming with the sharks,” Mr Killinger wrote....
...Kerry Killinger, the former boss of failed mortgage lender Washington Mutual, accused US policymakers of wrongly seizing the bank in 2008 and selling it at a “bargain price” of $1.9bn to JPMorgan....
...Ronald Cathcart, former chief risk officer of WaMu from 2006 to 2008, who was ultimately fired by Mr Killinger, told the panel that as the markets began to deteriorate, he warned WaMu’s board and its chief...
...Mr Killinger claimed WaMu had been sold cheaply as it was outside the inner circle of Wall Street titans and government officials who played God with the US financial system....
...One of the witnesses in Tuesday’s hearing will be Kerry Killinger, WaMu’s former chief executive, who received $103.2m in pay from 2003 to 2008....
...Mr Reich’s remarks echo sentiments expressed this week by Kerry Killinger, WaMu’s former chief executive, who said the Seattle-based thrift had been unfairly seized by policymakers because it was not part...
...Responding to allegations by Kerry Killinger, WaMu’s former chief, that JPMorgan was able to buy the lender at a “bargain price” because it was part of an exclusive club of Wall Street titans and regulators...
...In sworn testimony at an earlier hearing this week, former WaMu chief executive Kerry Killinger, who had been replaced a few weeks earlier, that WaMu had been wrongly seized and never told by the OTS that...
...This week, a Senate committee grilled Kerry Killinger, the former chief executive of Washington Mutual, one of the biggest mortgage lenders before regulators seized and sold it to JPMorgan Chase in September...
...Last year, two former high-flying banking executives – Kennedy Thompson of Wachovia and Kerry Killinger of Washington Mutual – were stripped of their chairman titles and, shortly after, removed as chief...
...Kerry Killinger, who helped build Washington Mutual into the largest US thrift and then presided over its rapid decline, is being ousted as chief executive, reports the WSJ....
...The TPG deal was criticised because it appeared to solidify Mr Killinger’s hold on the top job....
...Earlier this year, Mr Killinger warned investors that WaMu might have to write down as much as $19bn in bad debt....
...After ousting CEO Kerry Killinger yesterday, the thrift’s share price slumped as much as 24 per cent....
...It was probably just a matter of time, anyway, before he joined the other former “bankers of the year” such as Ken Thompson (2005), former chief of Wachovia, and Kerry Killinger (2001), former chief of Washington...
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