Financial Times FT.com

Battered WaMu tries to calm jitters

By Saskia Scholtes in New York

Published: September 12 2008 21:14 | Last updated: September 12 2008 21:14

Washington Mutual, the largest US savings and loan institution, sought to reassure jittery investors this week that it had enough liquidity and capital to survive the credit crisis.

After several days of volatile trading in which the bank’s shares lost more than a third of their value, WaMu took the unusual step late on Thursday of pre-announcing its expected third-quarter performance in an effort to stem the sell-off.

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