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Washington Mutual Preps Itself for Sale

Stock quotes in this article: WM , JPM , WB , MS , C , AIG , MER  

Updated from Thursday, Sept. 18

Citigroup(C Quote) is considering making a bid for Washington Mutual(WM Quote), the Wall Street Journal reports, citing people familiar with the situation.

Other interested parties include Banco Santander (STD Quote), and Wells Fargo(WFC Quote). JPMorgan Chase (JPM Quote) is biding its time on a potential bid, the Journal reported Friday.

It isn't certain that Citigroup will make a bid for WaMu, but the mortgage lender's fate could be decided in the next several days, according to people familiar with the discussions, the Journal reports. ...

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