The Federal Deposit Insurance Corp. (FDIC) has reached a settlement of roughly $64 million with former senior executives of Washington Mutual Bank, senior agency officials said Tuesday.

The agreement, which could be signed as early as Wednesday, resolves the biggest FDIC lawsuit to date against failed-bank officers stemming from the crisis. The agency in March had sought more than $900 million in court damages from three former WaMu officers, including former chief executive Kerry Killinger, arguing their undue risks in the thrift's lending strategy helped cause its 2008 failure, which was the largest in U.S. history.

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