By Daniel Rozas in Brussels
Microfinance Focus, Sept. 16, 2009:
When Washington Mutual, one of the largest US banks, was shut down in September 2008 following the sub-prime crisis, its depositors and secured creditors suffered no losses, though shareholders and unsecured creditors lost around $12 billion. That was still about 4 per cent of the company’s assets.
However, ...
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