Wamu kills Wholesale - Retail back to bank only
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2008-04-07 — ml-implode.com
Washington Mutual will announce later today they are backing out of Wholesale entirely, and Retail is retreating to the bank footprint. Expect an email blast to Brokers later today.
Word is "They will leave the retail division in Jacksonville & Downers Grove" and all wholesale deals must close by June 30th.
It appears there may have been some conditions attached to that $5 billion.
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