- Bear, Lehman Execs Weren't Wiped Out by Crisis: Study
- How Real Estate Investors Skew Housing's Reality
- Treasury Auction of $44 Billion Gets Good Response
- Even Buffett's Huge Fame Can't Help the Name 'Warren'
- Wave of Debt Payments Facing US Government
- JPMorgan's Dimon Could Succeed Geithner: Report
- Maria Blog: Are Crazy Retail Deals Good for Business?
- Suze Orman’s 'A Healthier, Wealthier You'
- Latest Holiday Drinks: The Madoff...and the TARPatini
- Help Wanted—Please Run $4 Billion University
- Apple Comes to AT&T's Rescue
- Rally Could 'Have Some Legs in 2010': Market Strategist
- Investors May Skew Housing Reality
- Buffett's Wealth and Fame Hasn't Helped 'Warren' As a Name
- Are Crazy Retail Deals Good for Business?
- Expect a 'Square Root-Shaped' Recovery: Chief Investor
- Madoff—The Holiday Drink
- HP to Feed on Enterprise Spending Next Year: Tech Analyst
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Existing-Home Sales Jump To Highest Level in 2-1/2 Years
- Wave of Debt Payments Facing US Government
- Paul: Audit the Fed
- Start-Up Proves Everything Really Is Better With Bacon
- TV Retailer QVC Joins 'Black Friday' Frenzy
- Buffett's Wealth and Fame Hasn't Helped 'Warren' As a Name
- S&P Stocks Trading at New 52-Week Highs
- Madoff—The Holiday Drink
- China Asks Its Banks to Slow Down
Text Size 
Shares of savings and loan Washington Mutual fell 1 percent in before-hours trading Friday as investors continued to fret about the stability of the company.
The stock had been up more than 8 percent in German trading after the company responded to an analyst note that said creditors are pulling funds from the company, but gains disappeared closer to the opening bell.
Shares sank 13 percent on Thursday following a note from Gimme Credit analyst Kathleen Shanley, who wrote that "many creditors have quietly been pulling funds" from the Seattle-based thrift.
Washington Mutual [WM
Loading...
()
], in a response to Shanley's report, said late Thursday that, as it had stated months ago, "WaMu funds all of its business through its banking operations and does not rely on commercial paper."
On Tuesday, Washington Mutual said residential mortgage losses through 2011 would likely be toward the high end of the $12 billion to $19 billion range it forecast.
Chief Executive Kerry Killinger said, however, that the thrift had enough capital to get through the housing downturn, after raising $7.2 billion this year from private equity firm TPG Inc and others.
Many other lenders have also raised capital in the past year, but their share prices have still been depressed.
-- Reuters contributed to this report
Print
Email
- The show attracts a big TV audience every year, but this year it may take on even more importance.
- …you'll want to be prepared. Tips for getting the most out of the post-Thanksgiving shopping frenzy.
- Congressman Ron Paul explains to Squawk Box why he’s pushing legislation to audit the Federal Reserve.
- CNBC’s Phil LeBeau took a test drive of GM’s flagship electric car. Here’s what he thought of the Volt.
- A Macau casino will open Asia's first Michael Jackson shrine after its owners made a key purchase at a US auction.
- CNBC’s technology reporter Jim Goldman guides you through the best gadgets to buy this holiday season.
Data is a real-time snapshot *Data is delayed at least 15 minutes