Can someone tell me what this might mean for the employees of Wamu? Will cutbacks be likely over the next year?
Well from what my girlfriend has said is that Chase will close 400 branches across the country. Whether they are WaMu or Chase branches depands on the branches stability. All WaMu branches will convert over to Chase branches. The majority of the WaMu branches out west are relatively safe since Chase does not have a strong presence out there, but the branches in the Northeast are the ones that are on the chopping block.
"When one gets in bed with government, one must expect the diseases it spreads." - Ron Paul
Well good news for the WaMu employees who may loose their jobs. Alan Fishman, WaMu CEO since early September, could have a severance package of up to $18 million for 3 weeks of work. He does have the option of not taking it. Let's see what he does?
"When one gets in bed with government, one must expect the diseases it spreads." - Ron Paul
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Well from what my girlfriend has said is that Chase will close 400 branches across the country. Whether they are WaMu or Chase branches depands on the branches stability. All WaMu branches will convert over to Chase branches. The majority of the WaMu branches out west are relatively safe since Chase does not have a strong presence out there, but the branches in the Northeast are the ones that are on the chopping block.