Consumerist

Posts Tagged “

Chase

september madness

March Madness-Style Bracket Makes Bank Mergers Fun

TechCrunch has posted this "March Madness" style bracket of the recent financial meltdown. It was reportedly created by a general partner at Sansome Partners named Mark Slavonia, says TC. More »

smart signage

This WaMu Sign Is Incredibly Accurate

Mark writes:
I'm currently a Chase customer, but my brother is WaMu. As he was walking down the street in Brooklyn the other night, he managed to catch this picture.
More »

Bank Error Not In Your Favor

Honey, Was That PotBelly's Sandwich $4.23 Or $858,432?

Sorry PotBelly Sandwich Works customers, you can't order the Chicken Salad Sandwich unless you qualify for a mortgage. Ashley's husband thought his usual lunchtime meal cost $4.23, but, as his wife discovered when trying to pay their credit card bill, the sandwich actually costs $858,432.06. More »

washington mutual

Insiders: Probable 1-Year Timeline For Customers In WaMu To Chase Transfer

What will it be like for Washington Mutual customers as they get assimilated into the Chase fold
One of our commenters, mavrick67, who says they have over 20 years banking experience and have witnessed 8 takeovers throughout the years, provided a timeline as to what you can expect. More »

washington mutual

WaMu Customers, Office of the Comptroller of the Currency Is Your New Regulator

As an aside, WaMu's charter was under the Office of Thrift Supervision (OTS). Chase's bank regulator is the Office of the Comptroller of the Currency (OCC). Whether being a Chase customer was your choice or not, if you ever have a major complaint about Chase regarding what you feel is on the bank's part malfeasance, you'll want to send it to the OCC.

wamu

JPMorgan Chase: WaMu Customers Should Bank As Usual

It's official, WaMu customers are now JPMorgan Chase customers. In the interest of keeping you from pulling your money out, Chase has posted a FAQ for concerned WaMu customers that explains how the transition will take place. Most importantly, Chase says that if you bank at Chase and WaMu already — your accounts are still insured separately by the FDIC — for now. More »

funny

Found Wall Street ATM Receipt Shows $97,084.23 Balance

With all the concern about unemployed Wall Street sloggers and whether they'll be able to keep up their leveraged lifestyle, or even get an apartment, this ATM receipt a reader's coworker found sitting in a Wall Street ATM with a balance of $97,084.23 shows there's at least one person who is going to be okay. Plus, this guy knows what he's doing; note how the balance is just under the $100,000 limit for full FDIC coverage.

(Thanks to Miss Dona!)


washington mutual

WaMu's Stock Bumps Upwards

WaMu's stock is up this morning after the new CEO said the S&P rating downgrade to junk was based on "market conditions" and not their financial condition, and an unsourced Daily Mail article said Chase was going to bid for the beleaguered thrift.

JPMorgan Chase in new bid for Washington Mutual [Daily Mail]
WaMu Responds to Standard & Poor’s Actions [Press Release]
Washington Mutual stock rises; merger talk disputed [Reuters] (Photo: James Callan)


washington mutual

Chase to WaMu Customer: "God Bless Your Soul"

I went into a Brooklyn Chase today to see if, in the wake of the concerns about them going bust, Washington Mutual customers were switching over. I went up to the manager and said, "I'm a WaMu customer —" "—God bless your soul," he interjected.

I asked if he had seen an uptick in the number of WaMu customers switching over in the past week. "We've seen it in the past six months," he said. "The rich people leave first, then everyone else does. Why don't you open an account?"

When asked if WaMu customers were opening up Chase accounts as backups, he said, "Most people just switch."

PREVIOUSLY: Don't Start Yanking Your WaMu Accounts


flood insurance

Help! Chase Suddenly Wants Me To Buy Tons Of Flood Insurance!

Reader Nate and his wife recently bought their dream home, which they admit is more modest than most people's dream homes, for $60,000. During closing, they wrote in their offer "that if the home was found to be in a flood plane we withdrew our offer," but were happy to find out that the house was, in fact, not in a flood plain. That is, until Chase, decided that their house was in a flood plain after all and is requiring $185,000 in flood insurance. More »