The Downfall of Washington Mutual

The Downfall of Washington Mutual
Case Code: BSTR328
Case Length: 17 Pages
Period: 2006-2008
Pub Date: 2009
Teaching Note: Not Available
Price: Rs.300
Organization: Washington Mutual Inc.
Industry: Banking & Financial Services
Countries: USA
Themes: Failure of Strategy, Bankruptcy
The Downfall of Washington Mutual
Abstract Case Intro 1 Case Intro 2 Excerpts


Decline and Fall

Starting from 2006, WaMu Bank began altering its business strategy in response to the crumbling housing and market conditions (Refer to Exhibit II to learn more about the sub-prime crisis)...

Reasons for the Fall

Several reasons were put forward for the failure of WaMu Bank. Along with unrestrained expansion, many analysts blamed the leadership style of Killinger, wherein he tended to ignore warning signals and placed unrealistic business targets, for the fall of WaMu Bank...

After The Fall

There was intense public interest in the failure of WaMu, with the FDIC coming in for criticism from WaMu's shareholders who claimed that the seizure was unjustified...


Exhibit I: Ten Biggest Bank Failures in US Financial History
Exhibit II: About the U.S Subprime Crisis
Exhibit III: About Option Arms
Exhibit IV: Trends in Wamu's Share Price
Exhibit V: Wamu's Earnings (in Millions): 2007-2008
Exhibit VI: Wamu's Loan Loss Provisioning: 2007 - 2008
Exhibit VII: Washington Mutual Inc.: Acquisitions Between 1990 and 2006

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