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Private Investors
Latest Headlines
Latest Headlines
Bank of America sheds shares of CCB
Bank of America has announced it will sell 10.4 billion common shares in China Construction Bank Corporation (CCB), virtually its entire stake, to private investors. The deal will generate nearly $3 billion in Tier 1 capital over time and an after-tax gain of approximately $1.8 billion.
The sa
How much liability will Bank of America face due to putbacks?
One cloud over Bank of America ( NYSE: BAC ) is the extent to which it will face a tsunami of putback requests. It's unclear how private investors will act, but a lot of people expect the likes of PIMCO, Blackrock, various mortgage insurers and perhaps even more Fed banks to file lawsuits.
W
The road to TARP payback
Lots of banks have been talking about repaying their TARP funds early. But which ones will actually do it? According to new Treasury guidelines noted by the Financial Times , banks will be able to repay the funds only if they are able to issue debt without government guarantees. So far, up to $
The essence of the toxic asset plan
In a nut shell, the Treasury's plans to ease toxic assets off the books of big banks will require private investors to put up some equity that will be matched by the government. That provides a down payment of sorts. The rest of the funds to buy assets will come in the form of non-recourse loans f
Bonus debate grows more complex
While Congress has been whipped up by a public furor over the AIG bonuses, the White House is taking a less emotional track: It is wary of the cry for special taxes to take back the bonuses, according to the Washington Post . It may be a draconian solution to a pressing problem, which has come
Big announcement coming today--or tomorrow?
The Treasury's Tim Geithner was scheduled to provide details of the new bank bailout plan today. But it may get pushed back to Tuesday to allow Geithner to work on the stimulus package. Geithner is currently scheduled to appear in front of the Senate Banking Committee Tuesday morning to discuss th
Private equity investors press to get their money back
While hedge funds have been struggling to keep limited partners from redeeming investments, the private equity industry was breathing a bit easier. Their agreements generally called for much longer, often 3-year, lock-ups that made the proverbial "rush to the exit" less likely. Indeed, some were t
KKR delays public listing
Many of you likely thought it was ambitious of Kohlberg Kravis Roberts to plow forward to a public listing. The environment is hardly welcoming right now. So it's not really a surprise that the private equity giant has postponed plans for its going-public transaction to 2009, according to media re
Citigroup brings microfinance to the U.S.
Microfinancing has swept into a good portion of the developing world--to much fanfare and hope. The idea that tiny loans can make a huge difference has really taken on a life of its own. Muhammad Yunus's Nobel prize seemed only to confirm that as an idea, microfinance has triumphed. Of course,
