"For all depositors and other customers of Washington Mutual Bank, this is simply a combination of two banks," FDIC Chairman Sheila C. Bair said. "For bank customers, it will be a seamless transition. There will be no interruption in services and bank customers should expect business as usual come Friday morning."
--as quoted in the LA Times
Liz Pulliam Weston at MSN Money provides an overview of what happens when your bank fails. Here's the piece:
Bank crisis: 10 things to know now
Here are a few stories:
JPMorgan Chase buys Washington Mutual
10 ways to protect your money now
What if your bank is seized?
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