 |  Money and Capital Markets: Financial Institutions and Instruments in a Global Marketplace, 8/e Peter Rose,
Texas A & M University
Nonbank Thrift Institutions: Savings and Loan Associations, Savings Banks, Credit Unions, and Money Market Funds
Standard & Poor's QuestionsChapter 16 in Money and Capital Markets: Nonbank Thrift Institutions
Question 1
What are the most important differences between banks and thrifts? Which banks and thrifts on the S&P Market Insight list illustrate these fundamental bank-thrift differences?
Question 2
The largest thrift institution in the United States, which is also on the Market Insight list, is Washington Mutual Inc. Using the Educational Version of S&P’s Market Insight as well as Money and Capital Markets see if you can answer the following questions about Washington Mutual:
a. Where is Washington Mutual headquartered?
b. Which agency of government chartered this thrift company?
c. What was the size of total assets held by Washington Mutual at year-end 2001?
d. Who is currently CEO of this thrift financial holding company?
e. How many employees does Washington Mutual have? What is the firm’s ratio of assets per employee?
f. What is Washington Mutual’s credit rating? Does it issue junk or investment-grade financial instruments?
g. How fast did Washington’s dividends per share and net income grow over the most recent period?
h. Is the firm’s ROE, ROA, and Net Profit Margin above or below the industry average?
i. Is Washington Mutual’s debt-to-equity ratio above or below
the industry average debt-to-equity ratio? What does this imply?
j. How many offices does Washington Mutual operate from which to sell its services?
k. Identify at least two of the company’s most recent business acquisitions.
l. What are Washington Mutual’s principal financial-service offerings?
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