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Home » Washington Mutual Looks to Cut Costs
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Washington Mutual Looks to Cut Costs

September 24, 2004
Washington Mutual chief executive Kerry Killinger told analysts at a Lehman Brothers investor relations conference that “reducing the number of our technology platforms” was the top challenge the company faces as it struggles to regain its top position in the mortgage industry. Killinger said that the company’s immediate turnaround strategy would focus on cutting internal costs, including technology expenses, rather than expanding into new markets. …
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