New York Times
Goldman Sachs, which WaMu hired as its advisor, reportedly launched the process several days ago and contacted Wells Fargo, JP Morgan Chase and HSBC as potential bidders, the newspaper reported. Other options for raising capital also are being considered.
Also Wednesday, WaMu filed with the SEC a letter from TPG wherein the priate equity firm waived its right to be compensated for any significant dilution related to an additional capital raise or sale by WaMu. TPG put up $2 billion of the $7.2-billion capital injection WaMu received this spring.WaMu shares fell 13% to $2.01 on Wednesday but rebounded in after-hours trading. For the full New York Times article, click here.
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