After a long struggle and seeking for a buyer Washington Mutual was sold yesterday to JPMorgan, when it was announced that the nation's largest savings and loan would be bought by an even larger rival, JPMorgan Chase .WaMu customers are not expected to see any disruption in service. The deal, brokered by federal regulators, resolves the largest bank failure in U.S. history. WaMu had $310 billion in assets. Are we entering an era that only the strongest can survive?
http://www.businessweek.com/bwdaily/dnflash/content/sep2008/db20080925_760466.htm?chan=top+news_top+news+index+-+temp_news+%2B+analysis
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