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Washington Mutual net loss grows to $55.86 million in December
By Caroline Salls
Pittsburgh, Jan. 28 - Washington Mutual, Inc. reported a $55.86 million net loss for December on negative $9.27 million in total revenues, according to its monthly operating report filed Jan. 28 with the Securities and Exchange Commission.
The figures compared with a $31.57 million net loss posted for November on $6.84 million in total revenues.
Cash and cash equivalents were $4.536 billion at Dec. 31, up from $4.528 billion at the end of November.
In addition, WMI Investment Corp. posted a $13,814 net loss for December on $805 in total revenues, compared with a $14,673 net loss for November on negative $212 in total revenues.
WMI had $276.16 million in cash and cash equivalents at Dec. 31, up from $276.03 million at Nov. 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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