by Moe Bedard
“We’re still waiting to see how the Wachovia and Washington Mutual portfolios play out,” said Brian Olasov, who studies the banking industry as managing director at law firm McKenna Long & Aldridge. “We’ve got a big bulge in resets still to come.”
WaMu and Wachovia, now part of Wells Fargo (WFC, Fortune 500), helped stoke the [...]
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by Moe Bedard
The U.S. housing crisis slashed Washington Mutual earnings, but it won’t drain executive bonuses.
WaMu’s board will exclude costs related to mortgage defaults and real estate foreclosures when it comes time to calculate executive compensation for the year.
The Seattle thrift made that disclosure Monday in a Securities and Exchange Commission filing.
The move protects bonuses for WaMu [...]
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