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Washington Mutual net loss falls to $7.59 million in May; sales drop
By Caroline Salls
Pittsburgh, July 1 - Washington Mutual, Inc. reported a $7.59 million net loss for May on $3.71 million in total revenues, according to its monthly operating report filed Thursday with the Securities and Exchange Commission.
The figures showed a decline from the $928,192 net loss posted for April on $8.44 million in total revenues.
Cash and cash equivalents were $4.564 billion at May 31, down from $4.57 billion at the end of April.
In addition, WMI Investment Corp. posted a $16,996 net loss for May on negative $2,550 in revenues, compared with a $339,172 net loss for April on negative $324,394 in revenues.
WMI had $275.38 million in cash and cash equivalents in May, up from $275.28 million at April 30.
Washington Mutual, a Seattle-based savings and loan holding company, filed for Chapter 11 bankruptcy on Sept. 26, 2008 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 08-12229.
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