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WaMu approaches private equity firm for deal: report

    (Reuters) - Washington Mutual Inc , the large U.S. savings and loan company beleaguered by mortgage losses, has approached private-equity firms about a potential takeover after a line-up of listed firms showed reluctance, the Wall Street Journal said citing people familiar with the situation.

    Carlyle Group and Blackstone Group LP who would team up with Texas billionaire and bank investor Gerald J. Ford are among the private-equity firms considering a possible deal, these people told the paper.

    It isn't clear if those discussions will result in a deal, and WaMu is moving ahead with other efforts that include a sale to another financial institution, the Journal said.

    Spain's Banco Santander SA has pulled out and Canada's Toronto-Dominion Bank has expressed tepid interest, the paper said citing people familiar with the matter.

    Citigroup Inc , J.P. Morgan Chase & Co and Wells Fargo & Co are reluctant to absorb WaMu's loans after conducting fact finding, or due diligence, the paper said. WaMu declined to comment while Ford could not be reached for comment, the paper said.

    A Banco Santander spokesperson declined to comment when contacted by Reuters. Citigroup did not immediately respond to an e-mail seeking comment.

    WaMu, Carlyle Group, Blackstone Group, Gerald Ford, Toronto-Dominion Bank, J.P. Morgan and Wells Fargo could not immediately be reached for comment by Reuters.

    (Reporting by Savio D'Souza in Bangalore; editing by Hans Peters)

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