What is the biggest bank failure in US history?
Washington Mutual (WaMu) holds the historic record for the biggest bank failure in United States history. In September 2008, amid the severe subprime mortgage meltdown and a catastrophic run on deposits, federal regulators seized the thrift institution. Its banking operations were subsequently sold to JPMorgan Chase in a multi-billion-dollar transaction, marking an unprecedented milestone in American financial history and underscoring systemic vulnerabilities during the global credit crisis.
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