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February 7th, 2008

Audio - OTS chief sees fewer thrift industry deals in 2008

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Posted by: Julie Vorman
Tags: Regulation, Summit

johnreich2.jpgA top U.S. banking regulator told the annual Reuters Regulation Summit that he is not aware of any pending deals involving Washington Mutual Inc., the largest U.S. savings and loan.  John Reich, director of the Office of Thrift Supervision, also said he expected fewer mergers and acquisitions in the thrift industry in 2008.

Wall Street analysts say WaMu might be a takeover target after mortgage defaults and write-downs that led to a $1.87 billion fourth-quarter loss.

 

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