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Washington Mutual posts $9.67 million net loss for June; revenues fall
By Caroline Salls
Pittsburgh, July 29 - Washington Mutual, Inc. reported a $9.67 million net loss for June on $481,056 in total revenues, according to its monthly operating report filed Thursday with the Securities and Exchange Commission.
The figures showed a decline from the $7.59 million net loss posted for May on $3.71 million in total revenues.
Cash and cash equivalents were $4.557 billion at June 30, down from $4.564 billion at the end of May.
In addition, WMI Investment Corp. posted a $12,989 net loss for June on $1,047 in revenues, compared with a $16,996 net loss for May on negative $2,550 in revenues.
WMI had $275.56 million in cash and cash equivalents at June 30, up from $275.38 million at May 31.
Washington Mutual, a Seattle-based savings and loan holding company, filed for Chapter 11 bankruptcy on Sept. 26, 2008 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 08-12229.
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