In 2008, he was CEO of the biggest bank to ever fail. He's worried about another crisis
New York The banking world nearly caved in 13 years ago. The former CEO of Washington Mutual is worried that another bubble is brewing.Kerry Killinger was named CEO of WaMu in 1990 and was fired in September 2008 -- just weeks before the bank failed as a growing number of mortgage loans went bad."Regulated banks do have more concentrated market share now so they have to be more careful," Killinger said. "But the health of the industry is great, earnings are good and oversight is strong. I'm not
In 2008, he was CEO of the biggest bank to ever fail. He's worried about another crisis
New York The banking world nearly caved in 13 years ago. The former CEO of Washington Mutual is worried that another bubble is brewing.Kerry Killinger was named CEO of WaMu in 1990 and was fired in September 2008 -- just weeks before the bank failed as a growing number of mortgage loans went bad."Regulated banks do have more concentrated market share now so they have to be more careful," Killinger said. "But the health of the industry is great, earnings are good and oversight is strong. I'm not
Tesla’s New Plaid Model Is Ready. That Should Help the Stock.
Tesla’s updated Model S sedan is ready.CEO Elon Musk tweeted out Thursday that his company will host a delivery event for the Plaid model of its Model S electric car on June 3. That is a milestone investors who are bullish on Tesla stock have been waiting for, but it isn’t the most important one.Tesla stock rose 4.1% amid a broad market rally Thursday, but the gain still left shares down for the week. Tesla stock was up another 0.8% in Friday trading, a touch better than the 0.7% gain in the Dow