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Washington Mutual seen near $5 bln TPG deal (Reuters via Yahoo! News)
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Washington Mutual Inc , the largest U.S. savings and loan, is close to obtaining a $5 billion injection from investors led by private equity firm
TPG Inc
, people familiar with the situation said on Monday. |
Source News
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Washington Mutual Inc , the largest U.S. savings and loan, is close to obtaining a $5 billion injection from investors led by private equity firm TPG Inc, people familiar with the situation said on Monday. |
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A private equity fund and a consortium of other investors pumped in $7bn to save Washington Mut-ual, the largest savings and loan company in the US, which had threatened to become the next big victim of the credit crisis. |
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Washington Mutual Inc., the largest U.S. savings and loan, rallied as much as 18% in New York trading as a group led by private-equity firm TPG Inc. considers a $5 billion investment in the Seattle-based company. |
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