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Aus PSBJ vom 19.02.10: JPMorgan says ‘sell’ — Washington Mutual shares must go In a controversial move, JPMorgan Chase is forcing thousands of former Washington Mutual employees to sell their WaMu shares as the New York company combines the two banks’ retirement plans. If former WaMu employees don’t cash out of the stock on their own by March 22, JPMorgan Chase & Co. will liquidate the shares in their 401(k) accounts and transfer the balance to their new JPMorgan accounts, according to an email obtained by the Puget Sound Business Journal and confirmed by a JPMorgan spokeswoman. The move would affect about 32,800 former WaMu employees nationwide who now work at JPMorgan, including several hundred Seattle area workers. Many former WaMu employees were heavily invested in the stock, which once fetched $40 a share and now trades for about 20 cents. The stock plunged after Washington Mutual’s banking assets were seized by regulators and sold to JPMorgan in September 2008, leaving behind the bank’s holding company, Washington Mutual Inc. |
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| aus der Diskussion: | Washington Mutual - Faktentread |
| Autor (Datum des Eintrages): | Smart-Mike (24.02.10 13:33:11) |
| Beitrag: | 1,125 von 2,807 (ID:39001605) |
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