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JPMorgan In Advanced Talks To Buy WaMu - Report

(Repost from earlylight)

DOW JONES NEWSWIRES

JPMorgan Chase & Co. (JPM) is in advanced talks to buy Washington Mutual Inc. (WM), American Banker reported Friday, citing sources. Jamie Dimon, chief executive of JPMorgan, and Alan Fishman, the new chief executive of WaMu, are involved in the discussions. The deal, which reportedly does not involve the government, could be completed this this weekend, although it is still in flux, the sources cautioned.
Full story at http://www.americanbanker.com/

-Dow Jones Newswires; 201-938-5500

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(END) Dow Jones Newswires
September 12, 2008 13:38 ET (17:38 GMT)
Copyright (c) 2008 Dow Jones & Company, Inc.- - 01 38 PM EDT 09-12-08