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Washington Mutual sues FDIC for over $13 billion

Washington Mutual Inc, the failed U.S. savings and loan, has sued the Federal Deposit Insurance Corp for well over $13 billion in connection with the loss of its banking operations, which was acquired by JPMorgan Chase & Co.

JP Morgan to trim 12000 from WaMu headcount

The head of J.P. Morgan Chase's retail banking operations said Thursday that the firm plans to trim 12000 jobs from the headcount of Washington Mutual employees.

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