J.P. Morgan

JP Morgan Buys Washington Mutual

WASHINGTON -(Dow Jones)– JPMorgan Chase & Co. (JPM) acquired Washington Mutual Inc. (WM) via a bidding process, after the thrift became the biggest bank failure in U.S. history, regulators announced late Thursday. “With insufficient liquidity to meet its obligations, WaMu was in an unsafe and unsound condition to transact business,” the Office of Thrift Supervision […]

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Sirius-XM Merger Approved by Justice Department

Justice Department gives thumbs up to satellite radio merger more than one year after it was first announced. CNN/MONEY March 24, 2008: 4:21 PM EDT In its decision, the Department of Justice determined that an XM-Sirius merger was not anti-competitive. The Justice Department argued that other media companies such as Clear Channel (CCU, Fortune 500), […]

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