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Sallie Mae news from FierceFinance

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C&L: Executive Moves

> Howard Newman to join Sallie Mae board > MF Global names Read more...

ALSO NOTED: Merrill Lynch shares tank, will shutter subprime unit; Carlyle bond fund misses margin calls; and much more...

Company News:> Citic demanding a larger stake of Bear Stearns. Article > Carlyle bond... Read more...

Banks advised to walk away from deals

Remember the Sallie Mae situation not too long ago when the firm continuously insisted it had a solid deal with banks and that it expected those banks to keep their commitments? Well, as the... Read more...

Another deal gone bust?

What's going on with the Alliance Data Systems-Blackstone Group deal? The deal was struck back in May. But Alliance shares have been weakening recently as rumors mounted that the deal may be in... Read more...

ALSO NOTED: NY suit against Countrywide grows to include banks; New York hit by subprime crisis; and much more...

Company News:> Cerberus to give new loan to Dura? Article> Bain buyout offer to be voted on by 3Com... Read more...

Power in deals to shift to sellers?

It has been a buyer's market--and contractual terms reflected that. But after a nasty spate of busted deals, headlined by the on-going Sallie Mae blow up, ClearChannel and others, the New York Times... Read more...

ALSO NOTED: Goldman Sachs 4Q conference call highlights; Video: Cramer screams, Goldman is a buy and much more...

Company News:> Goldman Sachs 4Q earnings conference call highlights. Read more...

Sallie Mae deal to go to court?

The biggest deal casualty of the credit crisis has been Sallie Mae. It looks like now that the next step in the ugly confrontation is a trial in Delaware. The latest is that the once-commited... Read more...

Cerberus moves to head off subprime problems

There have been more than a few cases of private equity firms invoking the adverse material change clause--fairly or not--to nix deals. The Sallie Mae deal was a good example. But in some cases the... Read more...

Break up fees hitting banks?

Two deals are raising concerns about the break up fees that more banks may have to pay: the Sallie Mae deal, in which Bank of America and JP... Read more...