WaMu Gets $7 billion Infusion, Cuts Jobs, Sees Big Loss

April 7, 2008

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Washington Mutual Inc, the largest U.S. savings and loan, said on Tuesday it obtained a $7 billion capital injection from private equity firm TPG Inc and other investors, but that mortgage problems will lead to a $1.1 billion quarterly loss and the elimination of 3,000 jobs.

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WaMu Gets $7 billion Infusion, Cuts Jobs, Sees Big Loss

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