Reuters – U.K. hedge fund Toscafund Asset Management LLP has approached Washington Mutual Inc., offering to participate in any consortium looking to recapitalize the bank, The Wall Street Journal reported on Wednesday.
Citing a person familiar with the matter, the Journal said on its Website that the London-based firm approached WaMu’s board this week with an offer to invest its own money.
Washington Mutual shares rose more than 12 percent on Tuesday amid speculation of a possible capital infusion by Goldman Sachs Group Inc. or Warren Buffett.
