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Reuters: WaMu gets $7 billion infusion, cuts jobs, sees big loss

Started by chris, April 08, 2008, 04:41:03 PM

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chris

WaMu gets $7 billion infusion, cuts jobs, sees big loss
      


NEW YORK (Reuters) - Washington Mutual Inc, the largest U.S. savings and loan, said on Tuesday it obtained a $7 billion capital injection from private equity firm TPG Inc and other investors, but that mortgage problems will lead to a $1.1 billion quarterly loss and the elimination of 3,000 jobs.
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