WaMu eliminating jobs in Chicago area

June 20, 2008 3:30:33 PM PDT
Washington Mutual is cutting 1,200 jobs nationwide, with 50 of those jobs located in Chicago's suburbs.Like many banks, Washington Mutual has been hit hard with problems in the mortgage and credit markets. Some of the job cuts will come from the bank's home loan business.

Twenty jobs will be eliminated in Downers Grove, and 30 will be eliminated from the bank's facility in Vernon Hills.