Reuters: WaMu may file for bankruptcy shortly: Merrill Lynch

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WaMu may file for bankruptcy shortly: Merrill Lynch
      

(Reuters) - Washington Mutual  may file for bankruptcy shortly, said Merrill Lynch analyst Kenneth Bruce terminating coverage of the stock.
    The top U.S. savings and loan bank, whose market value has been virtually wiped out because of soaring mortgage losses, was closed by regulators on Thursday, and its banking assets were sold to JPMorgan Chase & Co  for $1.9 billion.
    The company witnessed $16.7 billion in deposit outflows from September 15 to September 24,
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