WaMu’s Killinger on ‘Too Clubby to Fail’ Banks

Kerry Killinger was the chairman and chief executive officer of Washington Mutual, the $300 billion savings-and-loan organization, from 1990 until 2008. During his tenure, he made more than $100 million in compensation, including more than $14 million in 2007 and $21 million in 2008 — granted for More…

Recapturing Writedowns

Here’s a fun accounting term to remember: accretable yield. That’s the difference between a loan’s value on a bank’s balance sheet and the expected cash flow from the loan. Bloomberg reports:

JPMorgan Chase & Co. stands to reap a $29 billion windfall thanks to an accounting rule that lets

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