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Report: Washington Mutual Considering Sale

SEATTLE-Goldman Sachs, which the nation's largest thrift hired as its advisor, started the process several days ago, according to the New York Times.

By Brian K. Miller | Updated on September 17, 2008

SEATTLE-Washington Mutual, the nation’s largest thrift, is up for sale, the New York Times is reporting this afternoon, citing unidentified sources who were briefed on the matter. A spokesman for WaMu did not immediately return a phone call seeking comment on Wednesday afternoon.

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.

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