WaMu Leads Steepest-Ever Decline in Bank Stock Index

Bloomberg by David Mildenberg | Jul. 15, 2008 (News Report)

Washington Mutual Inc., the biggest U.S. savings and loan, and National City Corp., Ohio's largest bank, led the steepest-ever decline in the two-decade history of an index of bank stocks after IndyMac Bancorp Inc.'s collapse spurred concern more lenders are vulnerable to bad home loans. Full Story »

Posted by Kaizar Campwala

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3.4

by Maurice Lee3 - Oct. 1, 2008

The story suggest the depth of losses certain select banks may experience. The issue of dividend cuts is broached, a subject that has not been mentioned much yet during this debacle. There's so much more to this subject than the story discusses.