Tag:
Bankunited
Latest Headlines
Latest Headlines
BankUnited deal: Bad sign for industry
Is it all that shocking that the owners of BankUnited--which include the likes of Carlyle Group, Wilbur Ross and Blackstone Group--are seeking an early out?
When the troubled bank went public not too long ago, it seemed like quite a coup for the owners, who seemed bent on turning the bank into
Private equity firms to cash out of BankUnited
Reuters was among the news outlets that reported BankUnited, which went public in January 2011, has retained Goldman Sachs to sell the company.
The reasons for the sale are unclear, but the bank appears to be saying that it is not pleased at all by the Fed’s recent move to request “an unpr
BankUnited offering draws strong reviews
The private equity industry is giddy about the strong showing of BankUnited in the aftermarket. The IPO caps what many think is a good outcome to a bank bailout, a nice way to reassure people that the broad industry bailout of smaller banks is proceeding well.
Depending on your point of view,
More small banks ailing?
So far this year, the government has closed 34 banks, a figure that includes the rescue of BankUnited. In metropolitan Atlanta and the state of Florida , the article notes that "more than 50 banks reported non-performing asset levels of 10 percent or more of total assets as of the end of March, ac
Final nail in the coffin for the option-ARM market?
BankUnited, which was just now bailed out, was among the heaviest purveyors of option ARM mortgages--along with Washington Mutual and Countrywide. So some think the thrift's failure represents the end of an era. It will be a long time before banks return to marketing these sorts of options heavily
BankUnited seized and sold; PE firms win
A club led by John Kanas has prevailed in the BankUnited sweepstakes. His bidding groups included Carlyle Group, Blackstone Group, Centerbridge Capital Partners and WL Ross, among others. Another includes Goldman Sachs and Toronto-Dominion Bank. J.C. Flowers may also be interested. The FDIC broker
BankUnited sweepstakes heats up
Private equity firms are more than intrigued with the financial services industry right now, BankUnited Financial specifically. Bids were expected last week, but according to Reuters , the deadline has been pushed back to Tuesday.
The Florida-based institution--considered the largest in the
