The most significant bank failure in U.S. history is the collapse of Washington Mutual. Washington Mutual had approximately $188 billion in deposits. How do bank failures affect the average person?

What Was the Biggest Bank Failure in U.S. History? With assets of $309 billion, the collapse of Washington Mutual during the Financial Crisis of 2007–2008 marked the biggest bank failure in ...

), abbreviated to WaMu, was a savings bank holding company and the former owner of Washington Mutual Bank, which was the United States' largest savings and loan association until it became the ...