Washington Mutual sees net loss widen to $10.77 million in October

By Caroline Salls

Pittsburgh, Dec. 1 - Washington Mutual, Inc. reported a $10.77 million net loss for October on negative $3.51 million in total revenues, according to its monthly operating report filed Thursday with the Securities and Exchange Commission.

In comparison, Washington Mutual posted a $6.48 million net loss for September on $62,338 of total revenues.

Cash and cash equivalents were $4.487 billion at Oct. 31, up from $4.48 billion at the end of September.

In addition, WMI Investment Corp. posted a $51,041 net loss for October on negative $35,899 of total revenues, compared to a $40,900 net loss for September on negative $26,195 of total revenues.

WMI had $277.04 million of cash and cash equivalents at Oct. 31, up from $276.79 million at Sept. 30.

Washington Mutual is a Seattle-based savings and loan holding company. It filed for Chapter 11 bankruptcy on Sept. 26, 2008 in the U.S. Bankruptcy Court for the District of Delaware. The Chapter 11 case number is 08-12229.

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