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Washington Mutual net loss declines to $11.31 million in July
By Caroline Salls
Pittsburgh, Aug. 31 - Washington Mutual, Inc. reported an $11.31 million net loss for July on negative $1.78 million in total revenues, according to its monthly operating report filed Tuesday with the Securities and Exchange Commission.
The figures showed a decline from the $9.67 million net loss posted for June on $481,056 in total revenues.
Cash and cash equivalents were $4.548 billion at July 31, down from $4.557 billion at the end of June.
In addition, WMI Investment Corp. posted a $12,840 net loss for July on $2,058 in total revenues, compared with a $12,989 net loss for June on $1,047 in revenues.
WMI had $275.61 million in cash and cash equivalents at July 31, up slightly from $275.56 million at June 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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