Financial Times FT.com

Queuing to withdraw cash

By Matthew Garrahan

Published: September 17 2008 03:00 | Last updated: September 17 2008 03:00

The queue to get into Washington Mutual's large Santa Monica branch on Wilshire Boulevard started forming half an hour before the bank opened yesterday, writes Matthew Garrahan in Los Angeles. The anxious faces of those in the line highlighted the uncertainty now surrounding its future.

Washington Mutual has been beset by rumours it would be the next retail bank to fail following the collapse of California-based IndyMac earlier in the summer.

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