Buy custom benchmarking for wamu and jpmorgan chase
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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 725 |
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With this joint venture the company can meet the increased global demand and have a well trained management team to protect the company and its’ assets.
The federal government has arranged for Washington Mutual to sell its deposits and some branches to JPMorgan Chase not including any branches in New York City...
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“Chase is expecting to find $1.5 billion in cost synergies through the deal, which is likely to mean layoffs and branch closures in urban areas, where both banks have competed fiercely in the past for customers.†(From Chase-Wamu Deal, a Bank to Rival BofA," 2008). JPMorgan Chase will also inherit Washington Mutual’s mortgage lending operations, which was the foundation of profits for many years but has now led to its downfall...
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