What is known is that WaMu filed for bankruptcy protection in September 26, 2008 and it was sold to JP Morgan for $1.9 billion the next day. At that time this financial institution had $188 billion in assets and most thought that JP Morgan’s deal was unfair paying only 10 cents on the dollar.

This past month WaMu has proposed a new strategy to pay off some of the smaller creditors $700 million that are owed them. This will move them one step closer to being solvent.

The reason for the long stall in emerging from bankruptcy is speculation of insider trading involving hedge funds since the 2008 filing.

There are many that believe those listed by the FDIC as possible involvement in insider trading should not be released for liability in the matter, but it looks like it will happen.

For the America consumer the Washington Mutual Online Banking system has never missed a beat and is still widely used by their customers.

What is amazing is that last year the CEO of JP Morgan received the largest bonus in the industry at $17 million. Since the acquisition of WaMu, JP Morgan has reported profits of $11.73 billion in 2009 and $17.37 billion for 2010. Not bad for a company that has one of its main sectors in bankruptcy.

It is not a question of will Washington Mutual soon exit bankruptcy, but how many of its creditors will finally be paid.

A new Washington Mutual bankruptcy plan has been offered in which $7 billion would be returned to creditors. The problem now is getting the FDIC to go along with the plan. The FDIC, in turn, must get Chase to agree to a modification of its terms for the buyout and original bankruptcy and Washington Mutual assets trade.

Some blame the whole boondoggle on WaMu, others on Chase for grabbing too fast, and still others on the government for being too hasty in their seizure and forced Washington Mutual bankruptcy. Whoever gets the blame doesn’t matter much since the final outcome is the same: it all needs to finish.

The trouble is, there are billions at stake, so no one is willing to just back off. WaMu’s contention has been that many of the assets taken from them were not part of the banking that the FDIC seized while Chase has said that those assets were part of the buyout deal they penned with the FDIC. So nearly $7 billion sits in limbo and has for more than 18 months.

The FDIC has said they are considering the new plan, but JP Morgan Chase has made it clear that they don’t support the new Washington Mutual bankruptcy plan.

In the end, billions of dollars and creditors who’ve waited almost two years to be repaid hang in the balance.

JP Morgan has a huge website with great online features. It has a user friendly Graphic User Interface that enables people to find information on all products and services offered by the company. JP Morgan Chase website offers a complete online banking environment and customers can easily scroll through all the details to reach their respective financial solutions.

WaMu online, now working under its parent’s website and under JPMorgan name, offers a diverse range of checking and savings accounts. All of these accounts can be opened on the company website. There is a simple procedure of completing online forms and using credit cards to deposit the minimum balance required for these accounts.

Washington Mutual online banking also collects credit card bill payments and other dues. Customers simply have to enter their pin and passwords to start the payment procedure. Customers can also access their account details, ask for detailed statements and change their preferences, including the way checks are cashed.

There is a large lending section of the website that offers detailed information and services on loans and mortgage. Insurance offers are also included on the website. Brokerage and investment sections of JP Morgan website are great for people that are planning to invest in the stock markets.

Washington Mutual failure was the largest in the financial history of the United States. It caused a major stir in the financial industry and was about to disrupt the normal financial dealings when a major disaster was averted by FDIC. The company has been acquired by JP Morgan Chase and has formally ceased to exist. Its schemes and accounts are still active through its parent and customers still have many complaints about the company. Washington Mutual complaints are related to a number of factors from mortgage to malfunctioning accounts and other issues.

Most of these complaints about Washington Mutual were filed before the bankruptcy filing but some have also been filed last year and in recent months. People are filing so many complaints about many issues after the bankruptcy and acquisition of WaMu that it has been taking a while for the new owners to sort out the mess.

WaMu complaints are now dealt by JP Morgan and in some cases, by the judges especially if lawsuits have been brought up against the company. General complaints can be amicably resolved by interacting with the current owner of WaMu. There has been an online feature available on the company website that can be used by customers to register their complaints. They can also use the call center of the company to file complaints and they can also do this on the company website. They will find some way to find solutions to their problems.

Washington Mutual bankruptcy has many new secrets to unveil. The company has recently filed a Chapter 11 reorganization plan with the FDIC. The company has resolved a $4 billion dispute with its parent JPMorgan Chase & Co. The plan, details of which are yet to be revealed in detail and which has to approved by a judge, will create a $7 billion trust fund for paying creditors. JP Morgan Chase has already claimed $4 billion from the trust fund, in deposit accounts.

WaMu files bankruptcy reorganization plan in conjunction with the recent changes at the company. JPMorgan has already agreed to turn over the $4 billion to WaMu under an agreement whereby WaMu will refund up to 70 percent from the tax refunds that are expected from the company’s prior operating losses. The total value is currently estimated at approximately $3 billion.

WaMu will get a 40 percent share of tax refunds from the operating losses incurred during the second round. Total value of the refund is currently estimated to be around $2.6 billion. FDIC will take control of the remaining 60 percent of the refunds.

Chase buys Washington Mutual, this headline shocked the world in 2008 after WaMu filed for Chapter 11 bankruptcy. JPMorgan purchased the company for $1.9 billion from FDIC as the regulator had taken control of WaMu’s assets by then. The failure was the largest in the American banking industry and WaMu has since lost its financial credibility.

Washington Mutual has been acquired by JP Morgan Chase and now the online banking services of WaMu are essentially the services offered by the Chase Bank. JP Morgan is a premium bank of the United States and has expanded its business in recent years. The bank now offers a complete online banking services where customers do not need to visit their local branches as they can do all the transactions over the company website.

WaMu Online services can be divided into its banking and loan sections. General banking and saving plans of JP Morgan Chase include a multitude of services. Most popular among these plans are the general checking accounts and the savings accounts. Both of these accounts can be opened on the company website by following the standard procedures.

Washington Mutual online services can be used to open certificates of deposit accounts where customers have the option to benefit from the highest possible profits. Money market accounts with higher yields are also available on the company website. People can open these accounts by following the same procedures that regulate the savings and checking accounts.

The company website has a friendly user interface with well-defined features and customer assistance helpline. An online chat feature is also available that can be used to interact directly with company representatives. The company has started offering mobile services where customers can access their accounts on their cell phones and can complete transactions as well as open new accounts.

Chase Bank online is a mammoth website with a user friendly Graphic User Interface that enables people to find information on all products and services offered by the company. JP Morgan Chase website offers a complete online banking environment and customers can easily scroll through all the details to reach their respective financial solutions.

WaMu online banking, now working as its parent’s website, offers a diverse range of checking and savings accounts. All of these accounts can be opened on the company website. There is a simple procedure of completing online forms and using credit cards to deposit the minimum balance required for these accounts.

Bill payments of credit cards have been made easier with the company website. Customers can also access their account details, ask for detailed statements and change their preferences, including the way checks are cashed.

Customers can also access the lending section of the website to start the process of receiving loan payments on consumer goods, property and businesses. This is the case with insurance as well. Brokerage and investment sections of JP Morgan website are equally elaborate and offer detailed information along with practical solutions.

WaMu Bank CD rates are still used by some customers that are comfortable with the old arrangement. The company offers a diverse amount of CD accounts for its customers. The minimum amount required for these certificates is $1,000 under the regular option and $10,000 under the special certificates.

WaMu CD rates for a 6-month certificates are priced at 0.25% whereas a 12-month investment would also yield the same APY of 1.25%. A 3-year CD investment results in an APY of 1.01%. The company also offers the same interest rate for its 3-year certificates.

The special CD accounts start with a 7-month APY of 0.50% and a 13-month CD with 1.01% APY. The rates go higher for a 24-month CD at 1.50% APY and 36-month CD at 2.00%.

A 4-year CD investment results in an APY of 2.50% whereas a full 5-year CD term would yield 3.00% returns. The company offers an online account opening option and offers the option of either a single CD account or one with a joint ownership. Penalties are imposed in some case in case of an early withdrawal though the bank also offers automatic renewals and other reinvestment options.

There is access also at wamucardslogin.net along with information. There are no monthly or annual fees associated with this card. With WaMu Online Banking, card holders can monitor their spending and their FICO score.

All access to your account will be channeled thru Chase online. There are WAMU credit cards still available but it is only in name. The bank and all of its holdings have been absorbed by Chase. The reputation and history is all gone. If you feel it necessary to hold on to your card, it is your choice. But card holders must realize all of the relationships they had established with Washington Mutual are gone.

Chase does have its good points, but they are a very large organization. This allows them to give great deals and introductory offers of 0% interest. There are also very large with capital assets to draw on for financial stability. This can make some investors and customers at ease during these financially uncertain times.

With consolidations and mergers happening constantly, keeing the name on a credit card or any other financial statement is just identifying them at the present time, maybe. This Washington Mutual Platinum Credit Card Review does not have a comment for a card from a bank that is only a name anymore.

Chicago-based Chase Bank is considered as the safest bank in the United States. Its parent, JPMorgan Chase, was the only company that remained almost unscathed from the biggest financial crisis in the country. Chase has evolved itself as a major player in the international banking market and now offers most of its services over the Internet.

Chase Online banking is a complete package for its customers where they can utilize almost all services of the bank without any delays. The first and foremost option on offer is access to personal banking accounts. Customers can sign up with the bank’s Web site by entering their checking or savings account numbers, social security numbers or ATM/Debit card numbers. After a basic registration, they would be allowed to use the online features of the company. They can keep an eye on the checks issued under their account, stop payments, transfer funds to other accounts and also pay their bills. Wire transfers to other banks’ accounts can also be made through this system.

Chase Online also features mobile banking option where customers can access the company’s Web site by using their WAP browsers. Additionally, text messaging can be used for this purpose.

Chase banking online offers daily account alerts to its customers. They, however, would have to subscribe to this option; they can do this by simply checking the relevant option during the registration process. The bank also makes calls to its customers in case of any unusual transactions or problems with credit cards.