![A sign at a Washington Mutual Bank (WaMu) branch is shown in San Francisco, California September 26, 2008. Washington Mutual Bank was shut by the federal Office of Thrift Supervision late on A sign at a Washington Mutual Bank (WaMu) branch is shown in San Francisco, California September 26, 2008. Washington Mutual Bank was shut by the federal Office of Thrift Supervision late on](https://c8.alamy.com/comp/2E7459R/a-sign-at-a-washington-mutual-bank-wamu-branch-is-shown-in-san-francisco-california-september-26-2008-washington-mutual-bank-was-shut-by-the-federal-office-of-thrift-supervision-late-on-thursday-jpmorgan-chase-co-acquired-the-majority-of-its-assets-but-left-wamus-debt-outstanding-at-the-holding-company-reutersrobert-galbraith-united-states-2E7459R.jpg)
A sign at a Washington Mutual Bank (WaMu) branch is shown in San Francisco, California September 26, 2008. Washington Mutual Bank was shut by the federal Office of Thrift Supervision late on
Federal Reserve Bank of Philadelphia - Julapa Jagtiani works in the Supervision, Regulation, and Credit Department, where she conducts research related to financial institutions, financial markets, and bank supervision and regulation. She
![A Washington Mutual Bank (WaMu) branch is shown in San Francisco, California September 26, 2008. Washington Mutual Bank was shut by the federal Office of Thrift Supervision late on Thursday. JPMorgan Chase A Washington Mutual Bank (WaMu) branch is shown in San Francisco, California September 26, 2008. Washington Mutual Bank was shut by the federal Office of Thrift Supervision late on Thursday. JPMorgan Chase](https://c8.alamy.com/comp/2D1T8RY/a-washington-mutual-bank-wamu-branch-is-shown-in-san-francisco-california-september-26-2008-washington-mutual-bank-was-shut-by-the-federal-office-of-thrift-supervision-late-on-thursday-jpmorgan-chase-co-acquired-the-majority-of-its-assets-but-left-wamus-debt-outstanding-at-the-holding-company-reutersrobert-galbraith-united-states-2D1T8RY.jpg)